Bitcoin Price May be on the Top Before Price Correction

Bitcoin price went up from 76K to 105K without any price correction. We may be close to price correction on Bitcoin price chart. I shared lots of analysis and said we may see two side month in May. We completed the bullish side of the month. The second half of the month may be bearish.

Here you can see daily chart of Bitcoin. ''Sell in May go away'' motto may start at the beginning of the second half of May. Because Bitcoin price may be on the top before price correction.

e1.PNG

Here you can see the indicators on daily chart of Bitcoin. This is why I say that we may be close to reverse down on Bitcoin price chart. There are bowl pattern on MACD and RSI Indicators. RSI Indicator is broken down the bowl pattern. Fisher Indicator is on the top and ready to reverse down.

When Fisher Indicator reverses down with red daily candle, we will see reversing down on MACD Indicator. When MACD Indicator reverses down, we will see breaking down on bowl pattern on MACD Indicator.

These are the reasons why I am waiting for price correction on Bitcoin price chart.

e2.PNG

98K USD is the first target when Bitcoin price reverses down. After 98K, I will focus about the new targets.

We will see...

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