[Bitcoin Price] Bitcoin breaks lower low pattern

Bitcoin is still marching on and UP. Currently at $9083. Very good from the low of $7356 and many gurus thought we were going lower than that.

Bitcoin broke the lower low pattern on the daily chart and that is great. We had resistance at about $8550, but we broke through that with a rally to $9100. That is great work Bulls. Looks like the bulls are back stronger than I thought. There has been no pull back from the profit takers in the last 3 days. We have see a rally of about 17% on Bitstamp over the last 3 days.

The next positive news for Bitcoin will be to make a higher low with the next pull back and consolidation. And then up past $10k. :)

Here is Dan from the Chart Guys with his daily technical analysis:

Steem and SBD has run up with Bitcoin and the prices now are STEEM = $2.22 and 1 SBD = $2.33

Do you think of this new BULL run on Bitcoin? Will it last past R10k?

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Colin Brazendale

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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.