Bitcoin Price Touched Great Resistance Coming From Old All Time Highs

After FOMC meeting, volatility increased on Bitcoin price chart. Even Bitcoin price seemed going down, it reversed up and touched great resistance coming from old all time high levels.

Here you can see daily chart of Bitcoin price. There was great resistance on Bitcoin price chart. There is also mini uptrend line on Bitcoin price chart. They will break each other in a few days. After touching great resistance Bitcoin price pulled back. Mini uptrend line is supporting Bitcoin price.

We will see big breaking on Bitcoin price chart in this week.

Here you can see the indicators on daily chart of Bitcoin price. When we look at the indicators on daily chart of Bitcoin, it may be so possible to see big breaking down on Bitcoin price chart. Because Fisher Indicator is on the top and will reverse down in a few days.

RSI Indicator stuck between great resistance and mini support line. If we see daily red candle, Fisher Indicator will reverse down. If Fisher Indicator reverses down, we will see reversing down on MACD Indicator. These are the trigger for each other.

So, it may be more possible to see reversing down on Bitcoin price chart. Because there is great resistance and indicators seems to be close to reverse down.

Volatility is increased on Bitcoin price chart. We will see huge daily candles on Bitcoin price chart. There is a very narrow channel on Bitcoin price chart. We should see breaking on this chart. It may be possible to see breaking down.

We will see..

Posted Using INLEO