Bitcoin Price is Trying to Continue Bullish Trend
After touching 122K USD all time high level, we have seen 5% price correction on Bitcoin price chart. Bitcoin price is on another mini utrend line.
Here you can see 4-hour chart of Bitcoin price. It is 3rd testing of supporting by this support line. Bitcoin price may break down this support line. It need price correction for healthy price pump.
There was great resistance on Bitcoin price chart coming from old all time high levels. It worked as a support when Bitcoin price got 5% price correction. It should support Bitcoin price again..
Here you can see daily chart of Bitcoin price. MACD Indicator is going up slowly. It will reach to the resistance. Fisher Indicator is on the top and reversed down. If Bitcoin price reverses down from this level, we will see negative divergence on RSI Indicator.
So, It is very important to complete this week. If Bitcoin price gets red daily candles after today for this week, we will see the confirmation of price correction on Bitcoin price chart.
I was waiting big price correction on crypto market at the end of this month. Bitcoin price is moving as how I predicted.
We will see..
@chorock, your Bitcoin analysis is spot on! The way you've broken down the 4-hour and daily charts, highlighting key support lines, MACD, and Fisher indicators, is incredibly insightful. I especially appreciate your clear explanation of potential negative divergence on the RSI and the importance of this week's daily candles. It's fascinating to see your predictions playing out in real-time. Thanks for sharing your expertise! What are your thoughts on how external factors (like upcoming economic news) might influence Bitcoin's trajectory this week? Eager to hear what others think!