Bitcoin price is in roof pattern. The chart seems to be drawn as roof. We may be at the end of this pattern. It may be time for consodalition. We may see price pump at the end of March.
Here you can see daily chart of Bitcoin. Bitcoin broke down mini uptrend line. It might be the last price dump on Bitcoin price chart in roof pattern. We may see price consodalition and price pump after this pattern. There is lots of reasons that I am waiting for price pump at the ned of March.
Here you can see the indicators on daily chart of Bitcoin. There are lots of downtrend line on major indicators. They will be broken up until April. This is why I am waiting for price pump at the end of March.
The bottom of RSI Indicator is increasing but the bottom of price descreasing. This is positive divergence. We should see price pump after this positive divergence..
There is great resistance on RSI Indicator. This is why Bitcoin price is under pressure. Bitcoin will break up this great downtrend line at the end of March.
There is great downtrend line on Fisher Indicator. It will be broken up at the end of March.
There is also downtrend line on MACD Indicator. It also shows us the same scenario.
All of these indicators are on the bottom and ready to reverse up. This is why I am waiting for price reversing up on Bitcoin price chart..
So, there are good days waiting for us. It may be time to pick up discounted cryptos. I am ready for this bullrun.
We will see..