As I explain in previous analysis, we have a lot of bullish pattern in progress at bitcoin, but today we found a bearish pattern.
We have strong bearish resistance trendline that perform since December 01st, and this resistance break up at february 23th.
We mark this break with green box, and it look like a false break (in daily timeframe), if we ignore that candle, we have a strong resistance around 3921-3991
If bitcoin cannot break up this resistance, a medium strong dump at bitcoin will happen with target at 3376 (549.69 point / -14%) with maximum target at 3132 (-789.11 point / -21%)
note : 3990 become key level. If this level break up, bullish will continue
previous analysis :
We have strong bearish resistance trendline that perform since December 01st, and this resistance break up at february 23th.
We mark this break with green box, and it look like a false break (in daily timeframe), if we ignore that candle, we have a strong resistance around 3921-3991
If bitcoin cannot break up this resistance, a medium strong dump at bitcoin will happen with target at 3376 (549.69 point / -14%) with maximum target at 3132 (-789.11 point / -21%)
note : 3990 become key level. If this level break up, bullish will continue
previous analysis :
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Another resistance at smaller timeframe (H1)
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