Bitcoin Price Can not Break up Great Resistance

There is no enough hype to break up great resistance. Bitcoin price touched great resistance coming from all time high levels. I shared a few analysis about this great resistance and said It may be hard to break up. Even good news drooped after FOMC meeting, Bitcoin price only touched this resistance and It has not break up yet.

Here you can see daily chart of Bitcoin price. There is also mini utprend line on Bitcoin price chart. Bitcoin price touched this great resistance in last 2 days and I can not break up. We may see reversing down on Bitcoin price chart from this resistance.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the top. It has not started to reverse down. It is possible to see reversing down in this week. We should see daily red candle to reverse down on this indicator.

When we see red daily candle, MACD Indicator will reverse down. It is close to reverse down. Fisher Indicator will be the trigger for MACD Indicators reversing down.

RSI Indicator stouch between downtrend and uptrend lines. We will see breakin up or down in a few days. It is so possible to see breaking down.

So, We should be careful for possible reversing down. It may happen in this week. Bitcoin price can not break up great resistance. If it can not, it will reverse down.

We will see..