There will be a decision for Bitcoin in next week to make all time high or price dump. It seems as a bullish trap in this weeks pump on Bitcoin price chart. Bitcoin touched 72K and went down to 68K again in this week. Lots of investors thought that Bitcoin broke up descending channel but It doesn't seem as bullish..
Here you can see daily chart of Bitcoin. I shared a few analysis for Bitcoin price chart and said It may be a possible bullish trap on Bitcoin price chart. We will see the proof of this thesis in next week..
There is uptrend line on Bitcoin price chart. We will see crossing of up and downtrend lines on Bitcoin price chart in next week. If it breaks down, we may see Bitcoin price at 60K. If not we may see Bitcoin price at all time high..
Bitcoin price is in critical level in weekly chart. There is bowl pattern on RSI Indicator. If Bitcoin breaks down uptrend line, the bowl pattern will be end. It may break down this pattern in weekly chart. So, Bitcoin may enter midterm price correction again.
This bowl pattern is coming from the beginning of 2021 bullish crypto season. It will be end in a few weeks.
I have no idea what will happen after this pattern..
I am waiting for this patterns end. We will see new story in crypto market after this pattern.
Next week will be very important for crypto market. If it breaks down, be ready.
We will see...
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