Bitcoin Price Broke Up Great Resistance a Month Later

There was great resistance on Bitcoin price chart coming from all time high levels. I shared a few analysis about the important onf this great resistance. It resisted Bitcoin price a few times. Bitcoin and crypto market went down due to not breaking up this great resistance. Finally It is broken up yesterday.

Here you can see daily chart of Bitcoin price. I circled how it resisted Bitcoin price before. Bitcoin price broke up with huge daily candles. After breaking up, We may see retest on this level. Great resistance may be chance as great support level. You can see what happaned when Bitcoin price broke up this level. It acts as a magnet.

Here you can see the indicators on weekly chart of Bitcoin price. I pointed the importance of weekly chart of Bitcoin price before. Because there is great appear and pattern on RSI Indicator. There is great downtrend line on weekly chart of RSI Indicator. When it is broken up, Bitcoin price will enter mega bullish season and we will see parabolic price pumps on Bitcoin price chart.

Fisher Indicator is on the bottom and trying to reverse up. If it can reverse up, MACD Indicator will reverse up and these major changes will support Bitcoin price to break up great downtrend line on RSI Indicator.

RSI Indicator tested 3 times to break up great resistance before. When we see breaking up on this indicator, we can say that we entered mega bullish season..

Even Bitcoin price broke up great resistance, we should follow retest on this support line and weekly chart of Bitcoin price.

There is great pattern that can show us the future.

We will see..

Posted Using INLEO