Bitcoin price is in ascending channel for a month. The middle line of this channel is the average level for Bitcoin price. Bitcoin price is in mostly at this line.. It worked as resistance and support. After Bitcoin price broke up this resistance, Bitcoin price will move at upper level of this ascending channel..
Here you can see daily chart of Bitcoin. There was descending channel on Bitcoin price chart during half year. There is asdending channel for a month. It may take a few time in this channel.
It is so possible to see touching the top line of ascending channel..
Here you can see the indicators on daily chart of Bitcoin price. There was a big bowl pattern on RSI Indicator. It is broken down. We should see price correction on Bitcoin price chart. I think we are in extra time. The referee will blow the whistle and Bitcoin price may enter price correction.
Even MACD Indicator reversed up, It is still at too high level. Fisher Indicator is at also on the top. When Bitcoin price touch the top line of ascending channel, we may see price correction.
From the top line of ascending channel to bottom line of ascending channel may be price correction range. Market maker is trying to keep Bitcoin price as bullish. If price breaks down the ascending channel, it may take long time to recovery.
That may be why Bitcoin price is going up Even bowl pattern broken down.
We will see..
Posted Using InLeo Alpha