Bitcoin Correction

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We have seen a very strong upward momentum on Bitcoins price the last few weeks. It has done very well but is facing longterm resistance which is hard to break and people will short here. The RSI and MACD have been extremely bullish so reversal the upcomming days is expected. I expect bitcoin to go to 1265 USD, this would be a great entry point.

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ملاحظة

Alternative path the correction might take in light blue. This will be the upper resistance 1530 USD and is very hard to break. The lower resistance line could turn in support because of this and 1250-1350 will be resting point.

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ملاحظة

Better view of a possible price correction

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ملاحظة

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تم حذف الأمر

New chart re-evalutation, broke upper resistance lines.

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تم حذف الأمر

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