November may be the beginning of mega bullish season. Bitcoin price is under correction during 7 months. It may be the last days of this correction. Bitcoin may break up downtrend line and touch all time high again in next month. After 2024 US Election, it may be the trigger of Bitcoin bullrun.
Here you can see montly chart of Bitcoin. Bitcoin is trying to make monthly close above 8-month moving average.. It will be great close on monthly chart. Fisher Indicator is also trying to reverse as 2021. It may be the beginning of bulish season when it reverses. MACD Indicator seemed as bearish but it may not reverse down. It may go as bullish if November is green candle.
There are bullish scenario for Bitcoin price chart! There are lots of similarities between 2021 and 2024. Bitcoin price should go up when we look at 2021..
Even Bitcoin price can not break up the resistances, it is not going down. Here you can see daily chart of Bitcoin and the indicators. There is great resistance on MACD Indicator. Bitcoin tried to break up this resistance 4 times. Even it reversed down a few days ago, it is going down slowly. MACD Indicator may reverse up again and may break up this resistance. If we see the breaking up this resistance, we may enter mega bullish season!
Market maker is trying to arrange the market with the same date of 2024 US Election. As I said, It may be the trigger for mega bullish season!
I shared a few post about dicsounted crypto market. I picked up lots of crypto on markert with discounted prices. I am ready for mega bullish season..
We will see..
Posted Using InLeo Alpha
