Silent Waiting on Bitcoin Price Chart

There is no volatility on Bitcoin price chart in a few days. Even it seems breaking up mini downtrend line we have not seen volatility. There is mini uptrend line on Bitcoin price chart. Bitcoin may break down this mini support line after no volatility days.

Here you can see daily chart of Bitcoin price. I shared a few analysis about this up and downtrend lines. Even they are crossed we have not seen volatility. One of the rule of crypto market says, if a market can not go up, it may go down. We may see same scenario on Bitcoin price chart. Because Bitcoin price can not go up. I think that we will not see all time high in this Summer.

Market maker sold in May and went away after all time high. It may be early to see again all time high in this Summer.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicators reversed down from the top and going down. MACD Indicator is close to reverse down. If they go down, we may see price correction on Bitcoin price chart. RSI Indicator is in consolidation channel. It may take long time to complete this pattern. We should see touching the bottom on RSI Indicators bowl pattern in this month or next month.

It may be impossible to see all time high without depression move on Bitcoin price chart. RSI Indicator should touch the bottom. It will be depression move for Bitcoin price chart.

We will see..