The resistance is at the previous ceiling!



11/5/20220 min read

Yesterday, the direction of the Bitcoin movement was upward, and the price of the top currency of the market, maintaining the support of $20,000, took serious action to break its dynamic and static resistances. Also, the Wyckoff pattern that was talked about was confirmed, and with the complete break of the $21,000 resistance, the ceiling resistance of the Bitcoin ascending channel has also been broken. Bitcoin remains uptrend, with the next resistance in the $22,480-$22,860 range. This resistance is at the previous ceiling, and the reaction range is strong. The movement of Bitcoin towards this resistance can probably be placed inside an ascending channel.

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