Bitcoin - The new way to 17000 area
Bitcoin's recent evolution has been extremely unpredictable due to major events and news that have moved the market in an uncontrolled way. What is very interesting is the ease with which this pair creates patterns.
In the MACD indicator area, we notice the climbing trend, yet we can expect a rapid explosion of the price. On the 4h chart, it is very easy to see that the two support area, which now acts as resistance, is the only one that stops the price on its way to a value of 17000 / bitcoin. Once this resistance in the 12,500-13,000 area, the road price to 17,000 zones will be inevitable.
In the MACD indicator area, we notice the climbing trend, yet we can expect a rapid explosion of the price. On the 4h chart, it is very easy to see that the two support area, which now acts as resistance, is the only one that stops the price on its way to a value of 17000 / bitcoin. Once this resistance in the 12,500-13,000 area, the road price to 17,000 zones will be inevitable.
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