Since bitcoin future trading launch, the act of Bitcoin making new All Time High (ATH) will be not so fast anymore as compare to last time. The nature of Bitcoin will no longer unique. Last time, it will break all the trading rule and analysis. But now, it nature change to common market price action. It will respect psychology level such as support & resistance, trend line, MA200 and many more. Bitcoin now cannot simply just shoot up and crash easily. It will make more correction first before making new ATH. As compare to last time, it make less correction but more ATH. Honestly, I like the crazy bitcoin more than the stable bitcoin.
Analysis
If Bitcoin price action is no longer him, price will make the pullback before it break 17270. The price will make more correction before it making new ATH again. Bitcoin will go down first to test the trend line or the support level before more buyer jumping in to push the price up again.
Analysis
If Bitcoin price action is no longer him, price will make the pullback before it break 17270. The price will make more correction before it making new ATH again. Bitcoin will go down first to test the trend line or the support level before more buyer jumping in to push the price up again.