Long
Bitcoin major resistance box
Nice to see these golden pockets acting as support & resistance in the past few days.
Now Bitcoin faces a major challenge! " breaking this huge resistance box above us "
That I measured from the bear market low to the swing high in April down to our swing low in June and here you see that the golden pocket held us down.
This in combination with the 11 year resistance that I quoted in my previous charts.
My expectations are that Bitcoin will break these major resistance levels! And that we will eventually see a much higher Bitcoin price than 100K.
And no this is no hopium for the bulls this is based on facts that I see in the charts and history price action.
Now Bitcoin faces a major challenge! " breaking this huge resistance box above us "
That I measured from the bear market low to the swing high in April down to our swing low in June and here you see that the golden pocket held us down.
This in combination with the 11 year resistance that I quoted in my previous charts.
My expectations are that Bitcoin will break these major resistance levels! And that we will eventually see a much higher Bitcoin price than 100K.
And no this is no hopium for the bulls this is based on facts that I see in the charts and history price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.