Bitcoin price can not break up all time high again. Even good news dropped on crypto market, Bitcoin price seems as stable. Thsi may be the signal of big things coming.
Here you can see daily chart of Bitcıin. There was great downtrend line on RSI Indicators of Bitcoin price chart. Even Bitcoin price broke up this downtrend line on RSI Indicator, Bitcoin price broke all time high. But It is only for 100 USD.. I was waiting for big hype on Bitcoin price chart but I did not happen. Maybe something big is coming for Bitcoin price chart.
When we look at the indicators on daily chart of Bitcoin, we can see the price correction coming soon. Fisher and MACD Indicators are on the top. We may enter correction in next week.
Here you can see the weekly chart of Bitcoin and the indicators. If Bitcoin price enters price correction on daily chart, that will be the trigger for of correction on weekly chart. MACD Indicator is on the top. It is going down for 6 weeks. Next week will be the 7th week of going down. Even Fisher Indicator is trying to reverse up, It may not happen. If we see red weekly candle on Bitcoin price chart, Fisher Indicator may reverse down and Bitcoin price may enter price correction for mid-term.
Next week will be the decision week for Bitcoin price chart to continue or not.
We will see..
Posted Using INLEO