Bitcoin price went up today. Price target is to reach the top line of descending channel. Here you can see my draft I shared it a few months ago. Bitcoin price is in descending channel for a few months. It is hard to break up the top line of this channel. Because, it is major resistance for Bitcoin price.
Here you can see bullish traps on Bitcoin price chart. We may see again bullish trap on Bitcoin price chart. Bitcoin price may touch 67K and It will be the trap for bullish investors. Lots of investors may be trapped in this level.
There is uptrend line on Bitcoin price chart.. Bitcoin may break down this uptrend line at the beginning of September. We may see huge price dumps again at the beginning of September.
Here you can see the indicators of daily chart of Bitcoin. There is resistance level at MACD Indicator. Bitcoin price may revese down again at this level. Fisher Indicator may touch the top level at this time. It may be reserving time for Bitcoin. So, the beginning of September is very important date for Bitcoin price.
I am waiting to the beginning of September.
We will see…