(BTC) bitcoin "support & resistance"

28 avr.

BTC chart view using RSI support & resistance combined indicator by DGT appears to show a new support price line very near where the price is now. Before this time and the last few days there was nothing but resistance lines for days, months even. The red line basically supplants the fact that there is a new established level to determine where the price may increase from. Typically there can be fears to seeing this line if the investment does not break from the pattern line and rise above. With BTC because the value is so large at over $1.4 trillion USD I'm not sure what to think other than that it's literally making a statement that says BTC is reaching a level of maximum sales and profit buying from investors where the counterbalance is beginning to favor on the side of selling.