![Screenshot_20190324-080858.png](https://cdn.steemitimages.com/DQmZLCaCV8E67b1WM13o41k28osvniV5TTDsDq37VGTPaq3/Screenshot_20190324-080858.png)

So for the past two to three weeks now, bitcoin has been stuck in an upward moving channel and bouncing around from a high of 4100 dollars to a low of around $3600  .
Quite frankly a few days ago, i had predicted that with one was going to move down rather than break the $4050 resistance zone that hit has been hitting for the past few days now.

I do however expect btc to break past that resistance zone in the next run up, seeing that it's been heavily hit over and over again.

That doesn't mean Bitcoin is on a road towards the $5000 psychological mark tho.

If anything, we have a high chance of going down towards $3800, $3600 again after a rally to $4200.

In an article I wrote a few weeks ago, I said Bitcoin wasn't ready for $5000 just yet and I still stand by it. The new money is creeping in very slowly, but surely and while we may see $10000 this year, it is not going to be very easy to move pass all the estabished resistance zones.

Just from rudimentary analysis and previously broken support zones, the following are tough resistance zones we will likely face once btc really starts to rally upward.

$4200, $4800, $5000, $5300 , $5700-5800, $6000, $6200, $6500......
Those may not be super accurate, but it works. They are guidelines I personally am using

Before we move, we must kick off with the breaking of the $4050 resistance zone.

This journey up won't be easy, most likely we will battle with each resistance zone, fall down, battle again until finally breaking each.

The caveat if cause is if new money really starts to flow in .


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Not financial analysis, just me playing around and bringing my thoughts out

Don't invest based on anything I write.