Bitcoin Price Can not Break up 100-Day Moving Average

Bitcoin price can not go up. Because it touched 100- day moving average which is one of great resistance for Bitcoin price. Even lots of investors are waitingfor price pump, Bitcoin may try to make a bullish trap. There are lots of reasons that show us possible price drop.

Here you can see daily chart of Bitcoin price. It is first touch to 100-day moving average. It will be very hard to break up in first touch. You can see what happened in 2022 after all time high. Bitcoin price went down after touching 100-day moving average.

Here you can see the indicators on daily chart of Bitcoin price. This is why I am waiting for price drop.

There are uptrend lines on major indicators. If Bitcoin price can not go up, we will see huge price drop on Bitcoin price chart. There are great resistances on MACD and RSI Indicators. This is how difficult to break up 100-day moving average.

There is no hype on market. So, Bitcoin price can not break up these resistances.

RSI Indicator touched this resistance and Bitcoin price can not go up. MACD Indicator will break down uptrend line.

We will see big price drop until end of this month. All of these uptrend lines will be broken down. Mini uptrend pattern will be ended. We need to see the new uptrend pattern on Bitcoin price chart.

So, we should be careful.

We will see...