Bitcoin price met with great resistances. There were lots of downtrend lines on Bitcoin price chart that resisted Bitcoin price. There is also the middle line of Bolilnger Bands on daily chart of Bitcoin at same level. It is hard to break up these resistances. Here you can see daily chart of Bitcoin price with Bollinger Bands. You can see what happened after reversing down from the top line of Bolilnger Bands. Bitcoin price touched the bottom line of Bollinger Bands. After reversing up from the bottom, Bitcoin price met with the middle line of Bollinger Bands. It was hard to break up this resistance as past. It may be hard to break up this resistance now. Because the trend will change after breaking of this resistance.  Here you can see the indicators on daily chart of Bitcoin price. There were also downtrends on the indicators. Fisher Indicator broke up downtrend line. MACD Indicators is trying to reverse up. There is great downtrend line on RSI Indicator. It is so important to see breaking up on this indicator. If we don't see fake reversing up MACD Indicator as past, we will see breaking up on RSI Indicator. That means we will enter mega bullish trend on Bitcoin price chart with all crypto market.  This is 5th month with green candle on Bitcoin price chart. Even it needs price porrection on monthly chart, Bitcoin price seems still solid. It may be hard to see red monthly candle in this month. We will see.. Posted Using [INLEO](https://inleo.io/@chorock/bitcoin-price-is-trying-to-break-up-the-middle-line-of-bollinger-bands-9g2)
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|---|---|---|---|---|---|---|---|
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Currently all indicators are in a good state, hopefully the price of Bitcoin will increase further. It is quite incredible that five green lights are visible. Very nice analysis, best wishes
| author | nahid43 |
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