12k on the cards for a bullish BTC

After a couple of weeks of stops and starts bitcoin has gained some momentum and cast off the indecision.

Strong upwards momentum is trading the chart well above the 20 and 50 EMA - these have now turned and showing a good upward trend.

Bitcoin's biggest adversary now is the 12k resistance level, both psychological and real previous resistance, it will be a tough nut to crack. Failure to break the 12k could see the bears wake and a tumble back down to 11.2 or even down the the previous home of the bears, the 10.8 mark.

I don't see much getting in the way of 12k apart from early profit takers.

Long all the way, but watch out for the number 12.