Right now the BTC is in an important battle for future price developments.
From March 12 until yesterday the BTC moved around $ 5,000 and tested important boundaries (trendline).
The most important trendline, passed the double test, still confirmed the strength of the BTC.
Yesterday managed to surpass $ 5800 and BTC is trying to get through horizontal resistance. It will not be easy, because in this area a lot of traders are concentrating and searching for SHORT orders.
However, Bitcoin has a good chance of progressing if manage to exceed $ 7,000 (the whole horizontal resistance zone), it will be a significant step and assurance for all investors.
From March 12 until yesterday the BTC moved around $ 5,000 and tested important boundaries (trendline).
The most important trendline, passed the double test, still confirmed the strength of the BTC.
Yesterday managed to surpass $ 5800 and BTC is trying to get through horizontal resistance. It will not be easy, because in this area a lot of traders are concentrating and searching for SHORT orders.
However, Bitcoin has a good chance of progressing if manage to exceed $ 7,000 (the whole horizontal resistance zone), it will be a significant step and assurance for all investors.
Comment:
here you can see how the bears sent us back and the functionality of the horizontal resistance
