On the monthly chart,my indicators are all displaying that the bulls are still doing well on the market though there is still some form of resistance at the market at the $67000 price mark and the bitcoin market is finding it difficult to break that price level...
Now let's go to the weekly chart to see some more clearer view of the current market behaviour..
On the weekly chart,the bitcoin market is trying to go on a form of retracement which started several hours ago but the volume of the selling activities are low which means the bearish trend might be a king of temporary one and the market is still bullish on the long term.....
I am paying more attention to these three days chart,if the bitcoin price can break the $57820 price mark and close below it,then it means there is bearish trend in place..
This is not an investment advice...just the analysis of the market at the moment......
