Bitcoin price broke down ascending channel pattern. After breaking down this pattern, Bitcoin price went up and touched the bottom line of this pattern. It worked as a resistance and Bitcoin price went down to 92K a few days ago. Today Bitcoin price is trying to go up at 98K USD level. It may touch again the bottom line of ascending channel but It may go down after touching this pattern.
If it happens, it will be the second price dump on Bitcoin price chart adter 107K. After completing big patterns, it is hard to reverse the trend. So, it is so possible to see downtrend.
Here you can see the indicators on daily Bitcoin price chart. Fisher and MACD Indicators are on the bottom and It may reverse up. but As I said, it may be early to reverse up. Big ascending channel pattern broken down on a few days ago. So, It may be early.
MACD Indicator level is still so high. It should go down close to 0 level if Bitcoin wants to continue uptrend.
It may be great chance to pick up crypto if price dump happens. I will follow all altcoin to buy to enter with my discounted crypto bag.
I shared an analysis and said I am waiting reversing up at the end of January. I will wait for this time..
We will see..
Posted Using InLeo Alpha
Let me know when you think, its time to buy.
We should wait until end of January..