Bitcoin Price is Trying to Go Above the Middle Line of Ascending Channel

There is an ascending channel on Bitcoin price chart. We have seen same ascending channel a few weeks ago and you can remember what happened after this pattern. We may see the same scenario on Bitcoin price chart.

Here you can see daily chart of Bitcoin price. After touching the top line of ascending channel, Bitcoin price reversed down. After completing rice correction, Bitcoin price is trying to go up. The middle line of ascending channel is the first resistance on Bitcoin price chart. Bitcoin price is trying to go aboe this resistance to retry again to break up the top line of ascending channel.

Here you can see the indicators on daily chart of Bitcoin price. There is uptrend line on RSI Indicator. There is also one of the greatest resistance on RSI Indicator. They will cross each other at the end of this month. I think RSI Indicator will break down uptrend line. We may see market crash after this breaking down. Bitcoin price may break down ascending channel.

There is also uptrend line on Fisher Indicator. We will see breaking down on this indicator. MACD Indicator may reverse down from 0 level.

It may be good chance to go cash until end of this month. Bitcoin price is getting ready for the next price drop. We will see price drop until the beginning of this month.

We will see..