During the last days we have been testing for the strength of the support zone
- $6,800. The Bears are gradually clutching the price to it, not letting the bulls raise the price. A local resistance zone
~ $6,950 has been formed on the chart. The bulls need to fix the price above this mark, in order to beat the bears.
On the daily chart
, we see the uncertainties. The closing price of the candlesticks
of the last 4 days is close to the support zone
, which indicates a fighting between the bulls and bears. The daily MACD
shows a decline in growth strength.
The battle is going on and one day it will end. Subscribe to the channel and watch the Bitcoin