BitcoinLong
Bitcoin Break Resistance and Consolidation
Updated
Bitcoin break resistance and consolidation, the price are running to the next resistances, 6800 region and 6950 region.
We have a big boss in the main downtrend line, if the bitcoin break is downtrend line and passes the 7400 level, the bitcoin will go to uptrend, and the targets is in the moon. But, while is not occur, lets work with short targets only.
We have a big boss in the main downtrend line, if the bitcoin break is downtrend line and passes the 7400 level, the bitcoin will go to uptrend, and the targets is in the moon. But, while is not occur, lets work with short targets only.
Note
The Bitcoin are creating a otimist moviment for bulls (buy positions), while the price dont back to bellow from 6500, is totally possible price go to 6900 level. And for the more otimist, I have detected a bull flag, and the target is on 7200 region. If you already in buy position, make the stop in 6499 and good luck!
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