Bitcoin Update (14/06/2017): In Process Of Stabilization!!!!!

Bitcoin has been trading in green today after yesterday sharp sell off. I clearly mentioned in my last update that Bitcoin must close above 10 day EMA(red wavy line in chart below) but failed to do so. Though it closed below 10 days EMA but manage to close in RISING TRENDING CHANNEL, which is also a good sign IN A SENSE THAT bulls still have some grip on Bitcoin. And today's trading pattern of Bitcoin prove that point.
Now if I again draw your attention at chart below you can clearly see that today Support LINE 1 which is now becomes a RESISTANCE has proved hurdle today. But right now Bitcoin is trading at $2720 where also 10 Days EMA falls. So, if today this script manages to close above $2720, we can expect Bitcoin to again attempt a breach of RESISTANCE at $2801 level. But if it failed to do so again, then it will again test it support which is marked as SUPPORT 2 in chart below.

Bitcoin has history of shallow and quick corrections, and I hope this time also bitcoin follow its legacy and here I rest my analysis.

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Prevous Update Link: https://steemit.com/bitcoin/@jimmyrai28/bitcoin-2nd-update-12-06-2017-correction-in-bitcoin-is-happening-power-of-chart