Bitcoin Price is Going to Edge of the Corner

Bitcoin price is in an ascending channel since 60K. It is going up slowly. Even it tried to break up and down this channel, It is still in this channel for two months. We have seen mini uptrend line on Bitcoin price chart. It will cross the top line of this ascending channel. We will see crossing until the middle of May.

Here you can see daily chart of Bitcoin price. Big crossing is coming soon. Bitcoin price should break up the top line of ascending channel. If not, we will see breaking down mini uptrend line.

If we see breaking down mini uptrend line, the bottom line of ascending channel will be the first support for Bitcoin price chart.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the top and It may revese down. RSI Indicator is going up slowly after breaking up great downtrend line. There is mini uptrend line on RSI Indicator. If we see daily red candles, we will see breaking down this mini uptrend line.

There is mini uptrend line on MACD Indicator. We will see breaking down mini uptrend line on this indicator if we see daily red candle.

We will see big crossing in a few weeks. It may be so possible to breaking down when we look at the indicators. We should be careful for this scenario.

We will see..

Posted Using INLEO