Bitcoin Price is Close to Break Up Mini Resistance

Bitcoin price is trying to be in the game. It is trying to continue bullish trend. Even we have seen mega market crash on crypto market, Bitcoin price is above 200-day moving average.

Here you can see daily chart of Bitcoin price. There is great bowl pattern on this chart. I shared a few analysis about this great support pattern. Bitcoin price has not touched yet this pattern even we have seen mega market crash. 200-day moving average supported Bitcoin price. After reversing up from 200-day moving average, Bitcoin price is trying to go up. But There are mini downtrend lines on Bitcoin price chart.

Today, Bitcoin price touched one of these mini resistance. 200-day moving average and this mini downtrend line will be crossed in a few days.

Here you can see the indicators on daily chart of Bitcoin price. There is bowl pattern on RSI Indicator. It is good to see RSI Indicator above this pattern. We will pass the bottom of this bowl pattern. Even RSI Indicator touches the bottom of this pattern, Bitcoin price may break down 200-day moving average and touch great bowl pattern I drew it as green. MACD and Fisher Indicators support my thesis.

Downtrend line will appear on Fisher Indicator as RSI Indicator if we see another bearish attack on Bitcoin price chart.

So, I will wait until the middle of November to see crypto market. Astrological analysis also shows us there is possible price dump on crypto and stock market in next week.

We should see..

Posted Using INLEO