Bitcoin (BTC) A Day: Approaching Resistance & Needs to Get By $12K Mark
Bitcoin is showing resistance around the 11400-11700 range once again. There is three key reasons why this is happening:
Recent high was 11400
Last high was 11700
Resistance from H&S pattern
Bitcoin now needs to break 12K in order to confirm that it is officially on an uptrend. If it ends up falling down, a break and close of the EMA (Pink,15) would show that it has changed to signs of a downtrend.
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