Bitcoin Can Not Break up The Resistance on RSI Indicator

Bitcoin price is skating around 60K levels.. It can not break up the resistance on RSI Indicator. Even there is no resistance on price chart, Bitcoin resisted by RSI Indicator on daily chart. I shared a few posts about this resistance. It is more important than price. RSI Indicator resisted Bitcoin price and Bitcoin can not reak up 61K.

Here you can see daily chart of Bitcoin. Bitcoin tried to break up this downtrend line 4 times before. It is 5th times that Bitcoin should break it up in a few days. If not, downtrend is coming soon.

Here you can see what is coming for Bitcoin price chart. There are Fisher and MACD Indicator below on this chart and they are on the top. Fisher Indicator needs a few days to reverse from the top. If it happends, MACD Indicator will reverse.. So, Bitcoin should be quick to break up the resistance on RSI Indicator. If not, downtrend is coming..

I think we will see dake moves on RSI Indicator and Bitcoin price may go down again. We will see it in a few days in this week.

I am waiting with cash to watch the market.

We will see...

Posted Using InLeo Alpha