There is bowl pattern on Bitcoin price chart. Bitcoin is close to be supported by this pattern. We may see the support by this pattern in a few days. Bitcoin is trying to be ready to be supported by this pattern.
Here you can see daily chart of Bitcoin and Bowl pattern on RSI Indicator. I drew it as red line on RSI Indicator. Bitcoin should go down and touch the bowl pattern to be supported. We will see price pump on Bitcoin price chart after touching bowl pattern. Bitcoin may break up 100K after being supported by this pattern.
100K level is important for Bitcoin price. We will see lots of news on TV and internet after breaking 100K. It will be hype for Bitcoin. This is why It is hard to break up.
MACD Indicator reversed from the top. We are waiting for correction on MACD Indicator. This is why we spend time at 9xK USD.
Here you can see weekly chart of Bitcoin. Fisher Indicator is close to the top. We will see reversing from the top in a few weeks. We may see more red candles in next weeks.
RSI Indicator is at over bought level in weekly chart of Bitcoin. We will see huge price correction on Bitcoin price chart in a few weeks. This correction may be small price range as 38K. I drew the similarities between the beginning of 2024 and now.
I am sure that we will see price correction on Bitcoin price chart in December. I may take small price range. I hope bowl pattern will suppoort Bitcoin price.
We will see..
Posted Using InLeo Alpha
