First big resistance is the 14.500 area, but as i am writing this, it seems to be breaking out.But a bigger resistance and challange the 15.100 area. If it can really get above here, than only the 16.200 would stand in the way confirming it will make a new ATH . But for now it is showing more strenght than a half day ago. A drop to 12K/10K is open. Lower than that is no option, unless there will be a trigger that people would loose faith again. For now the hype is still to strong to make a very big correction. Time will tell
Second thing is, Bitstamp is falling more and more behind, difference is 600 points now. I have mentioned this aready a few times before, untill now this has always been a weak signal.
The swings are getting bigger and extremer by the day, even by the hour! For me this is a sign of desperation, for the buyers but also for the sellers! A move above 16.200 and 17.200 could bring back some more confidence. If t cannot get above these 2 levels soon, and it would drop below 13.000, than expect to see 10K very fast. For now it's looking quite positive, but it has to stay above 15.000!!
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