Bitcoin Price Stuck Between Resistance and Support Lines

Bitcoin price can not break up all time high. It tried 3 times for short term and It could not. Bitcoin price reversed up fast from 76K to 112K. After price correction It went down to 100K. It was only a bearish trap and Bitcoin price reversed up again and touched 110K USD.

Here you can see hourly chart of Bitcoin price. Bitcoin tried 3 times to break up 110K but It could not. It supported by 108K USD level. Bitcoin price stuck between these levels. It is trying to make a desicion to go up or down.

When we look at daily chart of Bitcoin for long term, we may see price correction on Bitcoin price chart again. Here you can see the indicators on daily chart of Bitcoin. There are similarities on Bitcoin price chart for long term. If we see same scenario as past, Bitcoin price will enter price correction again in a few days. There are bowl pattern on RSI Indicator. We may see lower high on this pattern as past. RSI Indicator may touch the bottom.

Even MACD Indicator is trying to reverse up It may be a bullish trap as before.

So, Market maker always does fake moves. We may see another fake move on Bitcoin price chart. There are lots of traps for bullish and bearish traders. We may see new ones.

We will see..