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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