Bitcoin Technical Analysis: ARE THE BULLS BACK?

Bitcoin just broke above a key resistance at $4,120. It now seems to be acting as support. There’s strong resistance (supply zone) between $4,315 and $4,400.

Looking at the daily chart, we can see price approaching the 50 Day MA. It’s also hitting the top daily Bollinger band. Between the top daily Bollinger band and the $4,400 resistance, bitcoin has some work to do. A break above the 50 Day MA (on the daily chart) would be an extremely bullish sign of strength if confirmed with volume.

In today’s video analysis I discuss where price may be heading next, traps to avoid

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2(b): (The rest of) The Answer

This is a direct continuation of “To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer” and the conclusion of this series.

At least for now.

Read the first two instalments here:

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 1: The QuestionTo CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer

Now, back to the action:

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2(b): (The rest of) The Answer

Consideration 2: – Volume

The link between volume and price is a strong one. Volume is also one

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer

Or at least – My attempt at an answer

This post is directly linked to my post of yesterday: To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 1: The Question – you’ll need to read it for background information if you are to follow this post.

Okay, I have a few important things to say here, each of which is worthy of consideration. Their are four major factors which could be the answer to the question of BTC capitulation; either in isolation or combined with one another.

The first of these is by far the longest to explain. This post will look at the first factor. I will do a follow-up post