Who has read the Ancient Greek Mythology, they will understand.
"Don't fly too close to the sun, Icarus... Otherwise your wings will burn and you will fall..."
But, leaving all the above mentioned behind, we can see that it is at key resistance at around $16740. This also happens to be the bottom line of the regression channel. Will these two strong indicators hold this beast? Let's find out.
If this animal (Bitcoin) is still willing to go higher, then I would love to see it go down and test the levels of around $13500. It has got a nice trend line support, which could act as a great bouncing point for a potential move higher.
But that's what I would like to see...
But if this will stay within the Regression channel, then look for $20000 and a bit(coin) more.
As always, keep an eye on the price action!
"Don't fly too close to the sun, Icarus... Otherwise your wings will burn and you will fall..."
But, leaving all the above mentioned behind, we can see that it is at key resistance at around $16740. This also happens to be the bottom line of the regression channel. Will these two strong indicators hold this beast? Let's find out.
If this animal (Bitcoin) is still willing to go higher, then I would love to see it go down and test the levels of around $13500. It has got a nice trend line support, which could act as a great bouncing point for a potential move higher.
But that's what I would like to see...
But if this will stay within the Regression channel, then look for $20000 and a bit(coin) more.
As always, keep an eye on the price action!