Bitcoin: Approaching Many Tiered Resistance

in #bitcoin • 6 years ago (edited)

Bitcoin faces many levels of resistance higher than the current price near $10,400.

There are at least three distinct resistance zones between $12,000 and $13,500. Plus, the 89 SMA is currently valued at $12,405.

While the current price action is bullish, strong headwinds exist as BTCUSD tries to break to all time highs.

daily resistance.PNG

DISCLAIMER

This post is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action.

DONATE

Bitcoin: 19498NLGwLbzN7yKrNbYqc4wuwZPkTGMVD
Ethereum: 0x76F2D78c81C6C97473DaF2aa3219F78Ce8C5A92f
Litecoin: LNhKXYTC5t2ZxcKYfo3pMzk8QsjZXsEbgT

CONTACT

twitter: sjanderson144
instagram: sjanderson144

#btcusd #crypto #cryptocurrency #trading
6 years ago in #bitcoin by
$0.00
    2 votes
    Reply 2
    Sort:  
  • Trending
    • [-]
     6 years ago 

    I suspect a break of 12,500 will spark a bull run. A couple days above 10k and we will see it happen

    [-]
     6 years ago 

    Yes, I'm watching the 89 SMA closely, which comes in just below $12,500. If we can break above it and stay above it, after some consolidation, we can make a run at the ATH. Exciting times.

    This story is an example of the frothiness and FOMO that will only increase as we move higher:
    https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16

    $0.00
      Reply

      Coin Marketplace

      STEEM 0.19
      TRX 0.13
      JST 0.030
      BTC 61250.32
      ETH 3377.05
      USDT 1.00
      SBD 2.48