hdon94
Long

BTC - Big Test Ahead

BITFINEX:BTCUSD   Bitcoin / Dollar
IMO BTC will face a big test through the next $1500 rise in price. It looks to me like there is significant resistance from about the $16,000 area up through the $17,500 area.
I believe if BTC can push above $17,500 and even clear $18,000 it will have built enough momentum to return to $20,000 in short order. I would also really like to see the volume building as it moves up from here.
My feeling is that if BTC can break through this resistance and test $20,000 again, this time it will push through $20,000.