Bitcoin Price is Close to Touch the Top Line of Descending Channel

There is great an ascending channel on Bitcoin price chart. Bitcoin price is in this channel since 60K. It was gıing up slowly after 60K. After touching the last time the bottom line of this channel, Bitcoin price is going up without any correction. There was also mini uptrend line on Bitcoin price chart. Even it broke down this mini uptrend line, We have not seen enough price correction on Bitcoin price chart.

Here you can see daily chart of Bitcoin price. I shared lots of analysis about this ascending channel. 200-day moving average is at 83K USD level. The top line of this channel is also at 83K USD level. We may see price correction after touching this level.

200-moving average is important level for Bitcoin price chart. It may enter bullish trend if it breaks up this average.

Here you can see the indicators on daily chart of Bitcoin price. There was great downtrend line on RSI Indicator. It is broken up. This is why Bitcoin price can not enter price correction. Bitcoin price is in mini bullish trend. Downtrend pattern ended and Bitcoin price entered bullish pattern. There is mini uptrend line on RSI Indicator. We will not see price correction until breaking down this mini uptrend line.

There are mini uptrend lines on MACD Indicator. If it breaks down this mini uptrend line, we will see price correction on Bitcoin price chart.

There is same mini uptrend line on Fisher Indicator.

So, Bitcoin price may go up until end of May. After May, we will see price correction on Bitcoin price chart. These mini uptrend lines will be broken down until end of May.

Market maker may sell in May and go away.

We will see..