Bitcoin price touched the target of flag pattern which comes fomr 52K. I shared an analysis for this pattern a few days ago. Today Bitcoin reached the the target of this pattern. What is in the next?
Bitcoin price went up very fast form 38K to 67K. It may test all time high in this week. There were lots of bullish patterns on Bitcoin price chart and Bitcoin destroyed most of them. We may see price correction after completing this bullish patterns.
https://i.imgur.com/e4k22Zn.png
Here you can see daily chart of Bitcoin. Bitcoin broke up the resistances on RSI Indicator.
Bitcoin broke up two resistances. There are support line on RSI Indicator. It will be broken down in a few days. Maybe this week.
MACD and Fisher Indicators are getting ready to reverse from the top. So, It may be time for price correction!
After completing flag patterns target, we are waiting for price correction. This RSI Indictors breaks down, this will be the reason of this correction.
https://i.imgur.com/OX8llkj.png
66666 is strategic level for Bitcoin price. We may see price correction around this level.
We will see..
