The worst scenario on Bitcoin price chart appeared. There was great bowl pattern on Bitcoin price chart coming from 2021. The bottom of this pattern was coming from the the bottom level of Bitcoin price chart. It was one of the great bullish pattern on Bitcoin price chart and It is broken down in this week.
Here you can see weekly chart of Bitcoin price. This week we will see weekly close below this bullish pattern. You can see how this bullish pattern supported Bitcoin price chart. Bullish trend finished after breaking down this pattern. We should see the new one. But it is too early to see.
I shared lots of analysis about Bitcoin price chart and warned you about possible breaking down. It is happened.
Here you can see weekly chart of Bitcoin price and the indicators. There was great support line on RSI Indicator and It is broken down! It is great signal for finishing. It is the screen of the beginning bearish season. MACD and Fisher Indicators seem not bullish. They are in correction.
So we entered bearish season after breaking down this great support line.
We can think that Bitcoin price is at same as situation as 2021 November. Bearish season is beginning.
We should be careful.
We should get ready for 2026 Q4.
We will see..
Posted Using INLEO
