Bitcoin is trying to break important resistance!

12.01.2022 3:05 pm

Hello, everyone!

Two days ago I gave you the long signal on Bitcoin, the price hit the stop-loss, but I re-entered the position next to the stop-loss level, as a result I am in 5% profit now. You know this long signal was generated by true MACD divergence and indicators which showed the whale’s buying activity next to $41000. Thus, my long trade now is still active.

If we see at the local picture the price now is trying to break through the extremely important level. Here is the Weekly Central Pivot, Trendline Resistance and the local Supply Zone. The price have to break above the $43300 with the large volume and find support above it if we want to see an uptrend development. The volume is increasing when the price approach to this level, but I am not exclude a small correction from this point.

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