Bitcoin Price Broke Up Great Resistance Coming From All Time High

There was great resistance on Bitcoin price chart coming from all time high. I shared lots of analysis about this great resistance and Finally Bitcoin price broke up this resistance.

Here you can see daily chart of Bitcoin price. There was mini head and shoulders pattern on Bitcoin price chart. It was possible to see breaking down the bottom level of this head and shoulders pattern.

The bottom line of head and shoulders pattern supported Bitcoin price and finally Bitcoin price broke up this resistance. We were waiting to see crossing the resistance and support line. It happened.

Here you can see the indicators on daily chart of Bitcoin price. There was mini support line on RSI Indicator. It will be crossed with great resistance on RSI Indicator in a few days.

MACD Indicator broke down mini support line. Fisher Indicator is on the bottom and trying to reverse up.

When we look at these major indicators we can see that this breaking up great resistance may be a bullish trap.

We should follow the trend on RSI Indicator. It may break down mini support line. If it happens, we may see breaking down the bottom line of possible mini head and shoulders pattern.

We will see...