Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Aug 17, 2020
Technical Analysis and Outlook
Bitcoin's price broke out of the strong physiological resistance of $12,000. Before we could open a nice bottle of champagne and start celebrating, the price collapsed by forming a Key Resistance marked at $12,300, which is part of the Trade Selector Signal TARC symbol and retreated to the Mean Support $11,395 level - The retest of the TARC is expected. To continue the rest story, see 'Weekly Market Review & Analysis For August 17, 2020 page.
Bitcoin's price broke out of the strong physiological resistance of $12,000. Before we could open a nice bottle of champagne and start celebrating, the price collapsed by forming a Key Resistance marked at $12,300, which is part of the Trade Selector Signal TARC symbol and retreated to the Mean Support $11,395 level - The retest of the TARC is expected. To continue the rest story, see 'Weekly Market Review & Analysis For August 17, 2020 page.