#BTCvsMarkets
B
itcoin shows strong development within a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after meeting the objective at 80521 after the break of the double top formation. A significant penetation of 92364 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency is approacing resistance at 106000 points, which may give a negative reaction. However, a break upwards through 106000 points will be a positive signal. The currency is overall assessed as technically neutral for the long term.
