market resistance

Bitcoin Encounters Key Resistance at Ichimoku Cloud, Creating Headwinds for Bulls

Bitcoin Encounters Key Resistance at Ichimoku Cloud, Creating Headwinds for Bulls

Bitcoin’s price action is currently hitting hard resistance from the Ichimoku Cloud, one of the most popular technical analysis indicators. This resistance is painting an ugly risk-reward picture for bullish speculators, indicating possible headwinds to any additional upward price action. The Ichimoku Cloud is proving to be an important level...