Bitcoin (BTC) has just received horizontal resistance, including the top of the wedge formation. The price will pass and go back more than $ 100,000 or is it rejected and returned to $ 92,000?
Almost three months of the side price operation
The current price of the current price for Bitcoin has occurred since mid -November last year. Almost three months of this, and Bitcoin is still tied in the range from $ 92,000 at the bottom to $ 106,000 at the top.
Of course, the price has emerged from this period when the incident is less, especially to enter the final at $ 109,000 and to be low at $ 89,000. In addition, it is quite quiet for Bitcoin because it gathered the strength for The next leg is higher – or may prepare to retreat to the low region $ 70k.
Rejecting that should be for $ BTC?
Source: Tradingview
When looking at the price of $ BTC in the short -term time frame that RAATHER sees that it is a rejection of resistance and the trend that will occur. This will be reasonable and randomly RSI randomly leads to the top. This is the case of 8 hours, while 12 hours have just begun to enter the land.
Did not say that there may not be the last push from the actual resistance ball, even though the opportunity is high that this is fake But before the price comes back to the wedding
Which says that while it is probability that the price will be rejected from here and the next dipping may take BTC all the way back to the line assessment
The bottom of the dip is operated to match the short -term RSIS bottle and DITTO for RSI random.
Two possible situations
Source: Tradingview
Daily chart shows that the current price may be rejected by 50 SMA (blue line) at the same time 100 SMA (green line) is coming under the price. It may be that in the end, we
It is possible that we can see cross 100 SMA through 50 SMA, which will be a bear. But this is a normal state of the business that makes the movement on the price
To summarize: Two situations may play here. The bully situation is that the price may return to return the popular assessment value, then head back to high sounds. Bear situation is cheap, denied from here. But then, resulting in less than $ 89,200, confirming the collapse, then decreased to the region of the top of the top of the previous Fll.
However, even if the bear’s situation is played But the duplicate test of the final cow market is the most interesting option to buy. In addition, if you are in Bitcoin in the next few years, this is just a loud hung.
Responsibilities: This article aims to provide information only. It is not proposed or intended to be used as a tax, investment, investment, finance or other advice.
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