* Bitcoin was in a good rally from last few days but it didn't break the major resistance instead it was rejected from the resistance.
* 50 Daily moving average was moving above the price but now it is working as the support for the price.
* BTC forms a rejection candle with a long wick near it's resistance.
* In order to continues the rally BTC need to break the major resistance including the above trend line.
* 50 Daily moving average was moving above the price but now it is working as the support for the price.
* BTC forms a rejection candle with a long wick near it's resistance.
* In order to continues the rally BTC need to break the major resistance including the above trend line.