Bitcoin price touched the top line of descending channel. There was a downtrend line Bitcoin resisted by this line for a few months. I shared this pattern a few months ago and I worked as well.
Here you can see daily chart of Bitcoin. After touching the bottom line of this channel, Bitcoin price went up fast. Today Bitcoin price touched the top line of descending channel.
The most important question is that ''Will Bitcoin price go up?''
There was a downtrend line at the same level of the middle line of descending channel. Bitcoin price broke up it easily. After breaking up this great resistance Bitcoin price met with the top line of descending channel in a few days..
Here you can see weekly chart of Bitcoin. Fisher Indicator is trying to reverse from the bottom. MACD Indicator is also trying ro reverse. Will they reverse from the bottom?
RSI Indicator is broken down. The main point is that uptrend pattern is broken down. Bitcoin need new pattern. We need to see a few weeks to predict new pattern.
I think that Bitcoin price will touch the top line and go down again. Because RSI Indicator is broken down. It may be early to go up.
We will see..