Bitcoin Bulls Are Facing Important Resistance..!!

BTC/USD (Update)


As all You know, Bitcoin Has been Moving in Downtrend Channel & Now Testing the Downtrend Resistance 4th Time But Bulls Are Looking Weak.

Last Week Bitcoin & GOLD did Awesome, Due to US IRAN Tensions But Now both are Decreasing their Value..

If Bulls Failed to Break the Resistance then We Might Test 6800-7200 Area Again or Might be Lower, If Broken, Next Targets Will be 9200-9600 Or Might be Higher than 10000.

According to Daily Chart, Bulls Are Facing ICHIMOKU CLOUD Resistance.




Bitcoin (Weekly)

Weekly Candle Closed Again inside the Channel & Still Facing Weekly EMA21 (Resistance)

If Resistance Broken, Next Target Will Be Around 9200-9600 & If Resistance Rejected, We Might See 6800-7200 Again..!!

Bulls Need More Power to Break the Resistance (8161) ,



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