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BTCUSD: Don't Forget We Still Have Resistance at $50,000

BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! Yes, we currently have upward pressure brewing up in the short term group of time frames. However, we still have a LOT of work to do with the 3-Day, 4-Day and 5-Day. The 2-Day and 12-hour may close with the Green going UP and the Red RSI making contact with the Green while going up; indicating upward pressure. So, yes, there's a decent chance of running up to the White/Aqua UPPER B-Bands in the 24-hour time frame. Keep in mind the B-Bands in the 24-hour time frame are still contracting. I'll provide another update later after the new Daily.

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