Bitcharts Issues ‘Breakout Watch’ on Bitcoin at $11,800

(NEW YORK)–Bitcharts issues watch on Bitcoin (BTC/USD) for $11,800 as a potential breakout trigger to the upside.

Bitcoin (BTC/USD) has been consolidating over the past month holding just above the $10,000 mark after its pull back from near $19,000 at the end of 2017. BTC had dropped to as low as $9100 in mid-January, with some long-term technical chartists calling major support around $8500 mark, or near its 200-day moving average.

BTC ability to hold above the $10,000 mark, even in the face of a number of major headwinds from countries looking to crack down on the crypto currency market, is a major bullish sign. For now a break above $11,800 to $12,000 could be a bullish break above possible ‘neckline’ in chart formed back in mid January and could trigger a short-term rally in BTC above $12,00 before pausing to consolidate just below the $14,000 mark.

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About Bitcharts

BitChart is a sleek and interactive way to visualize the bitcoin price index through your smartphone. Always be up to date on the current spot price and the daily change. Utilize real-time alerts to keep an eye on price shifts. Analyze historical trends with the swipe of a finger. Easy access to the current spot price with the BitChart Notification Center widget. Support for USD and EUR across the most popular exchanges.

Still in the Beta stage, we plan to incorporate news coverage of the cryptocurrency market, with research analysis, interviews, and real-time chat feature with other cryptocurrency traders from around the globe.

Bitcharts is a wholly owned subsiduary of AppSwarm, Inc. (OTC:SWRM).


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