Bitcoin Price Touched the Top of Ascending Channel

Bitcoin price touched the top of ascending channel. The top of this level is around 35900 USD. It is great resistance for Bitcoin. It is hard to break up..

I shared a post about this resistance.. You can read Bitcoin Price is Close to the Target post. I pointed this resistance.

After I shared this post, Bitcoin touched this resistance and went down. The target is completed..

The next target may be to touch the middle line of ascending channel..

Here you can see daily chart of Bitcoin and Indicators.. MACD and Fisher Indicators are on the top and reversing.. It is the signal of downtrend..

Bitcoin price may enter correction time after going up..

The middle of ascending channel is the first target. It is about 30K USD...

There is no bad scenario except breaking down the bottom line of ascending channel..

There is also uptrend line on RSI Indicator and It will resume until December..

So, Bitcoin price may be in this channel and may be supported by the bottom line of ascending channel..

We will see..

Posted Using InLeo Alpha