Even Bitcoin is under price correction during a week, lots of crypto went down to the price of 2 months ago or more.. It is painful time for crypto market but good days may be coming..
Here you can see daily chart of Bitcoin. Bitcoin is trying to reverse but the news of World is not giving permission. It is good time for market maker to get time to correct the indicators.
Because the indicators of Bitcoin was on the sky.. They did need decrease..
There is downtrend line on RSI Indicator. It will be broken up in a few days. I may take time until the middle of May, but I don't think it will take this time..
Fisher Indicator is on the bottom. It may reverse in a few weeks. This is why I was waiting for bullish weekend on crypto market. We may see reversing on the weekend.
There you can see my scenario for Bitcoin price chart. We may see price pump to the top and it may hit resistance and go down.
It is good level to complete the consolidation..
Here you can see weekly chart of Bitcoin. I circled the indicators and you can see why I said I was waiting for price dump on Bitcoin price chart. We may enter price correction for midterm. It will good correction before mega bullish season..
So, It is enough to get pain during 74K to 60K. We need good days. This weekend may be good crypto market..
We will see..