Bitcoin May Break Down Support Lines

Bitcoin price is on support lines both price and indicators. Even it is on these support lines, the danger is coming.. I shared a post about Negative Divergences on Bitcoin Price Chart Before 2024. I showed a danger is coming for Bitcoin price..

Bitcoin price went up from 25K to 44K fastly. There is no price correction. It may be time to see price correction on Bitcoin price chart at the beginning of 2024...

Here you can see daily chart of Bitcoin with MACD and RSI Indicators.. There is support line on RSI Indicator. It may be broken down If we see daily red candle on Bitcoin price chart tomorrow.. MACD Indicator is also going down to below 0..

These are the negative reasons I am waiting for dump on Bitcoin price..

Here you can see weekly chart of Bitcoin. There is also negative divergence on Bitcoin price chart. MACD Indicator is also losing power. It is 3rd week of losing power. It is close to reversing of MACD Indicator from the top..

There are my top negative reasons for why I am waiting for price dump on Bitcoin price chart..

We will see the volatility on Bitcoin price chart at the beginning of 2024... Down trend is more possible than up.. We will see...

Posted Using InLeo Alpha

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That exactly tells you the volatile nature of cryptocurrency, let's watch out on the trends

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