Bitcoin Price Broke up 100-Day Moving Average one of Great Resistance

It can be said that Bitcoin price broke up 100-day moving average. We have see daily close above this average. There was great resistance on Bitcoin price chart. 100-day moving average is important level for trend. Adter breaking down this moving average, Bitcoin price tried to go above again this level but it could not. It was hard to break up again but it happened.

Here you can see daily chart of Bitcoin price. There was bearish flag pattern on Bitcoin price chart. It is also broken up. So, Bitcoin price has broken up major resistances. There is no as hard as resistance until all time high level. We may see uptrend on Bitcoin price chart until FED meeting.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is going up. It did not reverse down. There are downrend lines on MACD Indicator. You can compare what happened after breaking up this downtrend lines. MACD Indicator will break up the resistance.

We may see going up on RSI Indicator.

So, we may see uptrend during this week. We will enter important days in next week. We will update our analysis after dropping news on market in next week.

We will see...