Bitcoin headed to $850

٢ ديسمبر ٢٠١٦

The price has broken above the 61.8% resistance line on my 200 day FBB, and the 14 day RSI is about to cross over 70. Although it is not certain we will see a full 3 standard deviation move from the 200 day moving average, it does appear that a break of the 61.8% resistance line combined with a cross above 70 on the 14 day RSI signals a strong movement to come.