Will that bulls finally crack?

Bitcoin showed signs of life after recent bouncing, but goes right in heavy local resilience. With key break or punch, this region could define the next main trend.

Bitcoin (Btc) He had a decent bouncing after the setting of swing keys low, but now the pressing is in a critical resistance zone that could decide his next big move. In this break, we will look at why in this region asks, it has entered to be lined up and what to expect the following – whether it breaks or continues the trend below.

Key technical points:

• The price is approaching the main resistance zone that includes VWAPSR, 0.618 Fibonacci and many years of dynamic resistance.

• The APEX zone is formed as daily support and dynamic resistance, set-up of crucial burglary or failure.

• Confirmed the premises will move the structure of the Bullish market, while the rejection continues the lower high trend and opens the lower price door.

After finding solid support and putting low to $ 74,550, Bitcoin saw a powerful rally, suggesting that the customers stepped around the area area low. But now, the price of the house on the door of a large area of ​​resistance – and is not just resistance. This zone includes VVAP S / R resistance, grille of 0.618 Fibonacci, key daily level and dynamic trendline that has acted as resistance from all high times. It is basically a wall of mouth, and until the price breaks, it is safe to say that Bitcoin will trade resistance.

The potential of another lower high

This resistance zone is the main candidate for the potential lower high in shape, especially if we begin to see signs of distribution. If the price is obtained here, it is likely to rotate according to everyday support.

What is really interesting is the way the dynamic resistance from all time is characterized to converge with the daily support zone – creating what we would call an apex zone. While this wedge is tightened, we expect a crucial move before before before later. Whether it is a purely breaking or one more lower-cutting, but it is a critical area worth watching.

The structure has not changed at the moment. We have not seen a confirmed budget and there is still no sign that the trend of lower high High ended. So the game here is simple: Respect Resistance until it breaks.

The breakdown over dynamic resistance with power would be a large shortcoming of market character – potentially rolls bias back in Bullish and opens space to move towards the value of the value high or even re-setting up all the time. But if Bitcoin was rejected here and turned, it was just another lower in the same trend.

The weekend factor is also important – the action of the price weekends is usually staged or range, and the large weekend often turned around on Monday. So you stay patient and reactive, not predictive, here they could make all the differences. Let the market show their hand.