amin786

BITCOIN 5.5 YEAR RESISTANCE

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is currently attempting to get back above a 1964 day diagonal support and resistance line. It's no wonder that all the indicators are looking weak and price action seems to be running out of steam.

Likely scenario is that we will need to seriously cool off after a proper retracement before attempting this again. So yes I do NOT expect us to succeed at this second attempt (first time was a couple of days ago when it sold off from ATH )

Comments