Bitcoin is close to break down bowl pattern. When we see daily close below 61.7K USD I will be sure that Bitcoin will break down bowl pattern on RSI Indicator. Here you can see daily chart of Bitcoin and RSI Indicator. I drew bowl pattern on RSI Indicator. I should support Bitcoin price but I can not..
If red bowl pattern breaks down we may see the support by yellow bowl pattern. This is the pattern target of Bitcoin. This pattern is for midterm.. If Bitcoin goes down and touch this pattern we may see Bitcoin price at 57K or around. We can see possible date of this scenario.
Here you can see MACD Indicator on daily chart of Bitcoin. It is ready to go below 0 level. Price drop will be fast if this happens..
We will also see the touching on yellow bowl pattern.
We will also see the touching on green bowl pattern on price chart.
It is very very hard to break down these supports...
We may see this scenario in this week. There is big news for Bitcoin from FED. It may be the trigger of this scenario.
We will see...