BTC - We are still blocked by the resistance line at 8200$

in #bitcoin5 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The resistance line at 8200$ is still blocking us but we are continuing to test it and the more we do it, the more this resistance line should become weak. We are having now a little rejection but if we are able to start a new up, we could finish to break that line and go back in our attempts to reach the 10k.

I wish you massive profits,
Cryptopassion.io

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I hope I will wake up tomorrow with BTC above 8,2k$ :-)

Looking the big picture (daily or weekly chart) i personally am not overly bullish yet as there are still signs for the pullback. So it might just be that the $8200 resistance will be in effect for some time. Either we need to see some stronger movement (volume) or we just need to go and lick the 6-7K line first just to bounce back and shoot through the resistance.

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