This Is a Massive Resistance For Bitcoin

So in my last analysis I was saying that bitcoin should go up to around 5k because of the big bullish triangle we were seeing on the chart. However now bitcoin face massive resistance and the 21 EMA (yellow line) will probably cause a pull back on bitcoin price… The price could drop as low as the 50 monthly SMA (red line) as you can see on the chart. That’s actually what happened in the last bear market in 2015… The pattern could repeat.

Published at Wed, 03 Apr 2019 04:19:01 +0000

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