Bitcoin will test historical downtrend line soon

28. Okt. 2018BTC price seems to be sliding right into historical downtrend resistance with a sideways trickle with low volume. Not looking good for a breakout above first heavy resistance at $6500. More likely for a pullback to test $6200 and then another repeat sideways until we retest the historical resistance again, this time below $6300 in the middle of November.

** if BTC breaks out and settles above $6500 - next historical trend line is 7k

17. Nov. 2018

Kommentar

BTC couldn't build any momentum to stay above the March downtrend line and failed hard after right before the BCHABC vs BCHSV shitshow --