Hello Crypto folks what's going on? As we can see here in the above weekly chart of bitcoin, we are currently lying in the major support now which is in the range of 6400-5800 Based on the weekly Bitcoin RSI. The Support line that we are about to break is the resistance line that we have in the late 2015 bear crypto market. No more deep technical analysis to be made in this chart for NOW. Just be patient and short what ever you have upon support breakout in order to cut possible losses. But be cautious also and monitor the price. When a week candle breaks the 6800-7400 major resistance line, I must say, That will be the start of a major bull trend and we must prepare again on the possible crypto price skyrockets( That means HODL until you can).
Comment:
I STRONGLY BELIEVE THAT MORE BULLISH NEWS COMING FROM CNBC UNTIL NOVEMBER-DECEMBER WILL BREAK DOWN THE SUPPORT AND THAT SUPPORT WILL BE OUR NEW RESISTANCE LEVEL.
