There is possible mini bullish flag pattern on Bitcoin price chart. Bitcoin price went up fast from 60K to 80K. After touching 80K, Bitcoin price entered consolidation period. During this time, Bitcoin price may be drawing possible mini flag pattern.
Here you can see daily chart of Bitcoin price. There was great resistance on Bitcoin price chart coming from all time high level. After breaking up this great resistance, Bitcoin price went up fast. It may be time to get ready for possible bullish flag pattern. When we look at price chart, we may see this scenario.
Here you can see the indicators on daily chart of Bitcoin price. There was great resistance on RSI Indicator. It is broken up. This resistance resisted Bitcoin price for a year. It was one of the great resistance on daily chart.
Fisher Indicator is on the top and ıt may reverse down in a few days. MACD Indicator is on the top and it may reverse down.
If this bullish flag pattern breaks up, the target of this bullish flag pattern is to touch 100K. It may be early for this time.
Even there seems a bullish flag pattern, market maker always makes fake moves. We may see reversing down.
We will see..
Posted Using INLEO
