BTC Technical Analysis

28 Ağu 2017

Bitcoin could not take over our desire resistance which is 4500$ and walking down after reaching 4450$ but still Btc deciding whether to make a bounce or break. Technical indicaters are giving multiple signals as to whether bulls or bearish will gain the uppr hand from here. Bitcoin price is testing the top of its range, possiblyy waiting for more catalysts to determine if a bounce or back is in order. RSI is indicating overbought condition, which means that buyers need to take a break and might sellerstep in. this is integral part of bearish situation.
3800-3900$ looking a strong support right now if it succeed to break this 3500$ will become next support
If we talk about Resistance 4500$ became a integral resistance to the way of 5000$ ATH.

Good luck!