There was mini bullish flag on Bitcoin price chart. Even Bitcoin price broke up this mini bullish pattern, It reversed down and touched the bottom level of this bullish pattern. After touching the bottom level of this pattern, Bitcoin price reversed again to test to break up the new high level of the year.
Here you can see daily chart of Bitcoin price. Bitcoin price is close the highest level of the year. It is going up in last 2 month. It has great performance. After going up fast from 60K to 80K, Bitcoin price finished the bearish season and entered bullish season.
Here you can see the indicators on daily chart of Bitcoin price. There is mini downtrend line and uptrend line on RSI Indicator. They will cross each other. We will see huge price moves on Bitcoin price chart after this breaking happens. Fisher Indicator is trying to reverse up. MACD Indicator is also trying to reverse up.
Market maker always makes fake moves. While lots of crypto investors are waiting for reverse up from this level, market maker may make a fake move and reverse down. If it happens, 75K USD level is great support level waiting for Bitcoin price.
We will see breaking up or down on RSI Indiciator in this week. Bitcoin price also needs price correction. It may be reason for reversing down.
We will see..
Posted Using INLEO
