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BTC: Confluent Resistance May Pose Short-Term Head-wind

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Quick Analysis for BTC

We have what seems to be a huge confluence of resistance trendlines at 15800. The bears might hold this area strong and consolidate price a little further until these resistances begin to break apart.

BTC seems to be in a cycle and their cycles can be extremely overextended so Indicators aren't the most useful on BTC.

With all of the uncertainty going on. BTC may be come a safe haven. It hasn't historically acted that way, however, the decentralized currency platform may be extremely attractive.

Also, BTC has been getting a lot of hype, rightfully so, but this has also added to the parabolic trend we're experiencing.
BITBAY:BTCUSD

Feragatname

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