Bitcoin Price is Getting Ready to Fall Down
Bullish traps are ready. Bitcoin price is getting ready to fall down. There are lots of bullish traps on bitcoin price chart. I shared lots of post in a few days about these traps. Today Even Bitcoinp price tried to break up 70K, it went down to 66K. This is another bullish trap at Bitcoin price chart.
These are the last traps on Bitcoin price chart. Because price falling is coming soon. Here you can see daily chart of Bitcoin. Bitcoin price is at the top line of descending channel. It is so difficult to break up this line without any good news or cash flow into market. This is why I am waiting for price drop on Bitcoin price chart.
Here you can see the indicator on daily Bitcoin price chart. RSI Indicator broke down uptrend line. MACD Indicator is at the resistance. I am waiting only to see reversing on Fisher Indicator. If it happens, Bitcoin price will enter downtrend.
Bitcoin price may move to 50K USD again. The middle line of descending channel is the first price target.
I will be out of market during August. We will see..
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