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Technical analysis by Orriginal about Symbol BTC on 5/22/2025

https://sahmeto.com/message/3540355
Orriginal
Orriginal
Rank: 16702
1.4

Just a quick word of WARNING for BITCOIN- Local resistance

Neutral
Price at Publish Time:
$111,356.03
،Technical،Orriginal

Easy to see and understand line od resistance here. This is trhe line of rejection from 2017 and could well pose a problem in the short term Technically, PA has the ability to break through this line but we need to see if it does. BITCOIN is at a crossroads and this is just one of about 3 things that stand in ts way. As mentioned earlier today, we have crossed one major hurdle today, this is the next one. Hold on tight Guys and Gals, things could get very interesting but, for now, my preferred move for BTC is to range across for a little longer and come back to this next month Unless the next 8 days are a strong push above this line and then try and stay above it

Source Message: TradingView
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