One of bearish signal appeared on Bitcoin price chart. There was curve pattern on Bitcoin price chart and It is broken down. There is upward wedge pattern on Bitcoin price. Bitcoin price is trying to stay in this pattern. It may be close to see breaking down this pattern.
Here you can see daily chart of Bitcoin price. Even upward wedge pattern is not broken down yet, there are lots of signals that show us we may be close to breaking down this upward wedge pattern.
100-day moving average resisted Bitcoin price. I shared a few analysis about this moving average and said I was waiting to resistance by this moving average. It happened.
Here you can see the indicators on daily chart of Bitcoin price. One of major bearish signal is on RSI Indicator. There was uptrend line on RSI Indicator and It is broken down. RSI Indicator met with great resistance and I shared an analysis about this resistance and said It is impossible to break up. It happened. It is so possible to see market crash on Bitcoin price chart after breaking down this uptrend line.
There are also uptrend lines on MACD and Fisher Indicators. They will be broken down in a few days.
When these indicators are broken down, we will see breaking down upward wedge pattern. The price target of this upward wedge pattern is to touch 50K. Bitcoin price may move to this target. It is long term prediction.
I shared a few analysis and said It was so possible to see price dump on Bitcoin price chart until end of this month. It is ready. We saw the beginning of this move. We will see more..