After Weekly Close Bitcoin is Close to Break up Great Resistances
We have seen one of the best performance on Bitcoin price chart last week. Bitcoin price went up more than 10% in a week. Even Bitcoin price got huge weekly candle, it has not broken up great resistances yet. but Bitcoin price is close to break up great resistances.
Here you can see weekly chart of Bitcoin price. I shared a few analysis about weekly chart of Bitcoin price. I pointed the great resistance on RSI Indicator. We are close to touch this resistance. Even Fisher Indicator reversed up from the middle, RSI Indicator may resist Bitcoin price. Even MACD Indicator is trying to reverse up, RSI Indicator may resist this bullish reversing. We may touch this great resitance in a few weeks. It may be hard to break up in this try. If it happens, we will see parabolic price pumps on Bitcoin price chart.
Here you can see daily chart of Bitcoin price. There is also great resistance on daily chart of RSI Indicator. The downtrend line is coming from the end of 2024. It resisted 4 times before. It may be possible to see again.
There is full moon tomorrow. I shared lots of analysis about the importance of Lunar Calendar. Market maker always makes huge moves during full moon. It may be possible to see huge move at tomorrow. Market maker is also trying to touch great resistance in RSI Indicator in daily chart. We may see price correction after touching this resistance.
So, daily and weekly charts of Bitcoin price appear as close to price correction. It may be see price correction in this week for midterm.
As I said, It may be possible to see price correction in this week. Full moon may be the trigger for price correction. When we see price correction in daily chart, It will be trigger for weekly chart.
So, we may see price correction for midterm.
We will see.
Posted Using INLEO
That daily RSI resitance from late 2024 that blocked price four times is the key thing I’m watching too. If we tag it right into the full moon window and mometnum stalls, I’m trimming risk, mean reversion bites fast :). Macro still friendly, but it look likely to fade there, and a clean close above that line would be the only thing to flip me back to full risk.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.