Who is going with the Amazon giant? This week might be the moment we have been waiting for as bitcoin price might break the present resistance. If you flashback, last week bitcoin price got stopped out while it was trying to climb above $7,688. Now bitcoin price found support on the 200EMA and bounced back towards the resistance. The question is will bitcoin price cross the present resistance and skyrocket? Well, we can only use analysis to give us more predictions. As we usually do, the MACD cross seems to be coming up. This should be our confirmation.
Looking at the technical indicators:
Major Support Level – $7,392
Major Resistance Level – $7,688
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