Will Bitcoin Survive The Mt. Gox Trustee Sell Off And Regulatory FUD?!?! - Daily Bitcoin Screening: 9,366 (4hr chart)

#Bitcoin held our #bear trend #resistance (acting as a #support) quite nicely (green line). Most of the day was sideways until some #bullish movement later on - as was predicted. Now, BTC has settled just underneath our next level horizontal resistance at about $9,500 (red line). It has tested and respected this line several times. Some thoughts on why I am leaning towards breaking through it. First, volume has been very high. Lots of eyes are on BTC, and after surviving the Mt. Gox trustee sell off and the regulatory FUD, I think confidence will slowly be reestablished. Next, indicators are bullish. The #RSI is on the oversold side with plenty of upward potential. The #MACD has also crossed to the upside. Last, I'm trying to throw some positive thoughts at it. However, I say lean because I know that stuff doesn't work. So, we will keep our eye on the charts. Feel free to comment in your thoughts, or feel free to post any updates between daily screenings! Stay vigilant!