By rkploy786 on Skatehive
Hello everyone, How are you all? I hope everyone is fine and doing great in their life. It has been a long time since we discussed the current crypto market situation. In this blog, I am going to share the current market scenario, and for that, we are going to look at the chart for Bitcoin and try to understand what is happening in the market right now and what the position of Bitcoin is at this point in time. For that, we are going to refer to one of the charts that we have been following for the last 1.5 years. In the screenshot below, you can see the chart itself, where there is a big red arrow pointing towards a trend line. That is actually the resistance we are testing at this point in time again and again, and Bitcoin is unable to break it. Let us look at the screenshot with a little zoomed version so that we can understand what is actually happening. Clearly, in the screenshot below, you can see that Bitcoin failed to break that resistance not once, but four times since it start