Bitcoin Price Stuck Between Mini Uptrend and Downtrend Lines
Bitcoin price is going to the edge of crossing mini uptrend and downtrend lines. We will see the decision to break up or down in a few days.
Here you can see daily chart of Bitcoin. After market made bearish trap, Bitcoin price reversed up and it is above miniuptrend line. There is downtrend line coming from all time high. They will be crossed in a few days. We will see the decision in next month.
I shared lots of analsis and said I don't think that we will see all time high in this Summer. Because Market maker sold in May and went away..
Here you can see the indicators on daily chart of Bitcoin. I circled the similarities on the indicators between past and now. MACD Indicator is trying to reverse up after big correction. You can see what happened before when it reversed up after big correction after all time high..
Fisher Indicator is also at same level as before. You could not see all time high for a few weeks.
Even Bitcoin price is close to all time high, we may not see new all time high for a few weeks.
Bitcoin price is moving as past. When we look at past, we can see that we may not see all time high in this Summer but We will see bullish moves after August. I will focus the analysis for after August.
We will see..