Bitcoin Price Resisted by The Middle Line of Bollinger Band
There was curve resistance on Bitcoin price chart coming from 86K USD. I shared an analysis about this resistance and pointed the importance of this resistance. Bitcoin price boke up this resistance after I shared an analysis.
Here you can see daily chart of Bitcoin price. Bitcoin price supported by 100-day moving average and broke up the cuve line coming from 86K USD. We may see bullish attacks on Bitcoin price chart but there is a resistance on Bitcoin price chart for short term. The middle line of Bollinger Bands in daily chart is the first resistance on Bitcoin price chart. We should see breaking up this resistance to continue bullish trend.
Here you can see the indicators on daily chart of Bitcoin price. There are resistance on these major indicators. Bitcoin price should break up these resistance to enter long term bullish trend. There is great resistance on RSI Indicator. It should be hard to break up now. We need time to see breaking up this resistance. Fisher Indicator reversed up from the bottom. There is uptrend line on MACD Indicator. It will support this major indicator.
We may see reversing up MACD Indicator from the bottom.
We should see daily close above 81K USD to break up the middle line of bollinger bands. It is the first resistance on Bitcoin price chart. If it happens, Bitcoin price will focus to break up 86K USD level.
We will see..