#BTCNextMove

Bitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is between support at points 93000 and resistance at points 100000. A definitive break through of one of these levels predicts the new direction. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the currency. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically neutral for the short term.