Bitcoin Price Will Try Again to Break up 200-Day Moving Average

Bitcoin price was going up slowly after touching 60K USD. It was in an ascending channel. After touching the bottom of this channel at last time, Bitcoin price went up slowly without any correction. There was mini uptrend line on Bitcoin price chart, that supported the price. Bitcoin price went down after touching 200-day moving average, you can see it as red line.

Here you can see daily chart of Bitcoin price. After toıching 200-day moving average, Bitcoin price went down from 82K to 79K. Bitcoin price got 3 successive daily green candles after this price correction. 200-day average is one of great resistance for Bitcoin price chart. Bitcoin price may try to break up this average again.

Here you can see the indicators on daily chart of Bitcoin price. There are uptrend line on the indicators. Fisher Indicator is going down. We may see another bullish attack on this indicator. It may be the last one. Because mini uptrend line is going up. We will see breaking down this uptrend line.

There is uptrend line on MACD Indicator. We will see breaking down this uptrend line.

There is also mini uptrend line on RSI Indicator. We will see big breaking down in all major indicators.

Next week will be important for Bitcoin price chart. It is so possible to see big breaking down on Bitcoin price chart until end of May. It will be for ''Sell in May, go away''.

We will see..