BITCOIN CHART ANALYSE

in #cryptocurrency • 6 years ago

Bitcoin was trading between 5800$-6200$ for last 5-6 days. But now its trying to go up to break the near resistance trendline. Here I also got a bullish divergence in RSI and MACD, which is really a good sign for Bitcoin. If Bitcoin successfully breaks the resistance line, Then the next stop will be 7200$ (50 DMA) - 7500$ (Horizontal Line as per previous support-resistance). And if fail to break the resistance or to sustain above the 6000$, then it can come to 5000$ also. Now bitcoin needs some volume  which is being not seen in the chart to break the resistance.

Just wait for breaks the 6800$ level,

You can clearly see all the support and resistance line in the picture and volume too.

6 years ago in #cryptocurrency by
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