Bitcoin Price is Still Touching Great Resistance

There is great resistance on Bitcoin price chart coming from all time high level. I shared lots of analysis about this great downtrend line and pointed the importance of this resistance.

Here you can see daily chart of Bitcoin price. It is 3rd time that Bitcoin price touched this resistance. This time took long time. Bitcoin price is touching this resistance for a few weeks. It is the decision week that we will see breaking up or down this great resistance.

Here you can see the indicators on daily chart of Bitcoin price. There is mini uptrend line on Fisher Indicator. It will be broken down in next days. There are also mini uptrend lines on MACD and RSI Indicators. We will see breaking down this mini uptrend lines in a few days. You can see what happened after breaking down this mini uptrend lines.

Even Bitcoin price breaks up this great resistance, These indicator will break down mini uptrend lines. It will be the reason for new low level of the year.

Even Bitcoin price breaks up this resistance, we should be careful and follow mini uptrend lines on these major indicators. Even there is triple bottom on Bitcoin price chart, we may see fourth touch this great support level.

We will see...

Posted Using INLEO