BTC/USD : Our old support is now our biggest resistance !
Hello everyone,
Bitcoin is currently approaching the old 2018 support zone area.
This support has been used all of the 2018, and now, since the market show signs of turnaround, we can call it THE biggest resistance for Bitcoin.
$6000 is :
The large number of SHORTS can help Bitcoin if we break 6000$ to an epic short squeeze .
RSI in weekly still not overbuy :
The MACD indicator continues to climb :
Bitcoin is in an ascending channel who we need to break :
Bitcoin is currently approaching the old 2018 support zone area.
This support has been used all of the 2018, and now, since the market show signs of turnaround, we can call it THE biggest resistance for Bitcoin.
$6000 is :
- Psychologic price
- TP area for buyers at 5000$ and before
- Shorters area who want to see the market down
The large number of SHORTS can help Bitcoin if we break 6000$ to an epic short squeeze .
RSI in weekly still not overbuy :
The MACD indicator continues to climb :
Bitcoin is in an ascending channel who we need to break :
Naïm Boubziz