Bitcoin Weekly Chart - Ichimoku Cloud

in #bitcoin3 years ago

Ichimoku cloud on the weekly chart shows only major trends. For almost three years, till mid-2018 the Bitcoin price managed to stay above. Current resistance level is at about 10k, but time is playing against bulls here. The projected ichimoku cloud resistance in April is at 7k and may fall even lower.

Disclaimer: I am not a financial advisor. The crypto market is very volatile, make your own conclusions and invest at your own risk.