BITCOIN Chart of support and resistance

in #bitcoin3 years ago (edited)

Good evening,

Bitcoin is in a range and right now the price ist about to find its way.

image.png
Everything here is on a daily basis.
From the top there are 4 resistances which all followed each other.
The last (4) high was at about 34.000$. So in order to gain some momentum we must not fall signifanctly under 30.000$ and need to raise above 34.000$. So the downwards trend is broken.

Also MACD is still in negative terrain and that´s very often a sign of still exisiting downwards potential.
So if you think about buying some BTC it might be good to stay paitent and wait, if we see another dip.

Cheers and good investments,
Hasenmann

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