Bitcoin Price Can Not Go up Due to Middle Line of Ascending Channel

Bitcoin price can not go up. Even it has potential to go up. It stuck one of great resistance. Bitcoin price is in ascending channel after market crash. It is trying to recover the loss of market crash but It is going up slowly.

Here you can see daily chart of Bitcoin price. I shared this draft a few weeks ago and It worked as well. Bitcoin price is touching the middle line of ascending channel. Even it has potential to go up the top level of this ascending channel, Bitcoin price can not go up. There is something that resist Bitcoin price not to go up.

I shared a few analysis and said I was waiting for price dump until end of this month. We may see this scenario when we look at this price chart I can say that I am sure to see price dump on Bitcoin price chart in a few weeks.

Here you can see the indicators on daily chart of Bitcoin price. There is uptrend line on Fisher Indicator. We will see breaking down when we see daily red candle on Bitcoin price chart. There is also uptrend line on MACD Indicator it will reverse down as Fisher Indicator.

There is mini uptrend line on RSI Indicator. It supported Bitcoin price 2 times. We will see breaking down on this indicator. Because there is great downtrend line on this indicator. It is impossible to see breaking up this great downtrend line during WW3. So, RSI Indicator will reverse down in a few days.

I am sure that we will see price dump on Bitcoin price chart until end of this month. Even Bitcoin price can touch 80K before price dump, there is something that resist Bitcoin price.

We will see..

Posted Using INLEO