Is Bitcoin Going Bullish Or Bearish?

Well, this is the question which everyone needs answered these days. Since last 2-3 months, Bitcoin was declining continuously and in last 1 month, people panic sold a lot of Bitcoin until it bounced from a crucial support level of $5800. Since it bounced from that level, Bitcoin keeps on rising slowly to the up, smashing previous resistance levels. 

But the question is : Is Bitcoin going Bullish or Bearish in coming days?

Well, the answer is Yes and No.

Bitcoin is currently trading at highly crucial resistance level and until it pass that resistance level, nothing can be said for certain. If you're a crypto trader/investor, you must be aware of the volatility and uncertainty of cryptocurrency market. It is the most volatile and uncertain market in the world and nothing can be predicted here for sure. If someone is telling you the sure shot prediction, I would suggest you not to believe him/her.

Now, Let's  have a look at the chart below:

Bitcoin has a clear and crucial resistance at $6800, which is has to pass to be Bullish again. $6800 resistance is the most crucial one as Bitcoin has rejected this resistance 6 times in the past and 1 time in last 2-3days. 

If Bitcoin breaks this resistance, the next level of resistance is $7238, which is again a solid resistance. If BTC manage to break both these resistance level, we can safely assume that Bitcoin has turned Bullish. 

Now, if BTC rejects from $6800 again, the next support level would be $6410 and then the bottom $5800.

So, let's wait for BTC to decide a clear direction and then initiate your trade accordingly. 

Thanks for reading ..!!

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