Bitcoin Price Confirmed Bearish Flag Pattern

There was bearish flag pattern on Bitcoin price chart. Even there was a mega bearish pattern, market maker tried to make a hype for bullish trap. Bitcoin price went up from 80K to 95K and most of investors were waiting for new all time high.

Here you can see daily chart of Bitcoin price. I shared lots of analysis about possible bearish flag pattern on Bitcoin price chart. Yesterday was the last day of the month and Bitcoin price closed the month at worst level.

Bitcoin price broke down fast the bottom level of possible bearish flag pattern. We saw huge price moves. I warned you about increasing the volatility and It happened.

I updated my analysis and you can see my prediction.

Here you can see the indicators on weekly chart of Bitcoin price. I drew the similarity between past and now. I pointed where we are. We are at only the beginning. You can what happened after breaking down 100-week moving average. You can see what happaned after breaking down bearish flag pattern.
There is great downtrend line on RSI Indicator. We should see breaking up on this indicator to enter bullish season.
MACD Indicator reversed down again. We may see a few bearish weeks again.
Fisher Indicator will reverse down and go down.

These are major reason on the indicators.

So, I am waiting 4xK USD for Bitcoin price chart. We may see more bearish attacks on Bitcoin price
chart.

We will see.

Posted Using INLEO