Bitcoin Price Retested Great Resistance - Good Bullish Signal

over 3 years ago

Bitcoin price restested great resistance in 18K USD level. This resistance was coming from 69K and broken up a few days ago...

It is good bullish signal. Resistance changed as a support..

Here you can long term Bitcoin price chart. I said lots of times for over months that 18500 USD is great support level for Bitcoin and We have never seen daily close below this level...

Ekran Resmi 20221016 19.19.57.png

Great resistance broken up a few days ago. It is also restested in 18000 USD and price went up after touching this support line!!

In shortterm, we may see Bitcoin price above 18500 USD to break up 100-day moving average. 100-day MA will be great resistance for Bitcoin price. It is going down day by day and It is at 21000 USD level today...

So, price may stack between 21000 and 18500 USD...

Ekran Resmi 20221016 19.21.09.png

I dont think that Bitcoin may not break down 18500 USD. But It is not easy to break up 100-day MA with this financial conditions in the World. We may wait October to big break up...

We will see...

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2 comments

@pixresteemer 71

over 3 years ago

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@hivebuzz 74

over 3 years ago

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