The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400.
It's also entirely possible that these resistance levels will NOT be broken.
For those of you that are newish traders: remember that a true resistance level violation must be accompanied by *sustained* relatively heavy volume AND similar conditions on other bitcoin exchanges (namely Huobi, which is the zero-contest market leader right now).
It's also entirely possible that these resistance levels will NOT be broken.
For those of you that are newish traders: remember that a true resistance level violation must be accompanied by *sustained* relatively heavy volume AND similar conditions on other bitcoin exchanges (namely Huobi, which is the zero-contest market leader right now).