BTCUSD approaches a triple resistance zone. Waning ST momentum
2 year trend bullish
2 month trend bearish
2 week trend bullish
2 day trend bullish
2 hour trend bullish
BTC USD short term momentum from "V Bottom" on February 6th 2018 has brought price to a key technical level. The declining tops line from December '17 high, short term rising channel top, and Head & Shoulders top neckline. This zone should provide significant resistance from short term price advances. A breakout above BTCUSD 13,000 would provide evidence that the 2 month bearish trend is reversing. If this zone proves to hold as resistance, a retest of February '18 lows is likely.
2 month trend bearish
2 week trend bullish
2 day trend bullish
2 hour trend bullish
BTC USD short term momentum from "V Bottom" on February 6th 2018 has brought price to a key technical level. The declining tops line from December '17 high, short term rising channel top, and Head & Shoulders top neckline. This zone should provide significant resistance from short term price advances. A breakout above BTCUSD 13,000 would provide evidence that the 2 month bearish trend is reversing. If this zone proves to hold as resistance, a retest of February '18 lows is likely.