Bitcoin under major resistance - What's next?
Updated
What will we do next?
(1) Price breaks out of resistance and starts a mid-term bull run
(2) Price gets rejected from resistance and returns to low $7000's for more accumulation
(3) Price gets rejected from resistance and breaks down to $4000-$5000 level.
(1) Price breaks out of resistance and starts a mid-term bull run
(2) Price gets rejected from resistance and returns to low $7000's for more accumulation
(3) Price gets rejected from resistance and breaks down to $4000-$5000 level.
Note
Bitcoin broke above the 4-month resistance line. I expect 2 next possible outcomes:
(1) Price breaks out above 9k+
(2) Price retests 8200's (top of support/resistance line)
Since bitcoin broke above this major resistance line, I expect the price to continue being bullish for the next 2-3 weeks.
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