There are resistances on Bitcoin price chart. Bitcoin price can not go up due to these resistances. Bitcoin price is in ascending channel. The middle line of ascending channel is resisting Bitcoin price.
Here you can see daily chart of Bitcoin price and the indicators. There is no resistance only in price chart. There are resistances on the indicators. There is uptrend line on Fisher Indicator. If Bitcoin price reverses down, it will break down this uptrend line.
The most important point is on RSI Indicator. RSI Indicator is under great resistance. There appeared mini downtrend line. RSI Indicator is trying to break up this downtrend line. It resisted Bitcoin price 3 times. There is also uptrend line on RSI Indicator. It is possible to see break down this uptrend line.
If we see this scenario, we may see reversing down on MACD Indicator. I shared an analysis about Bitcoin price chart and said I was waiting price dump at the end of this month. It may be possible to see this scenario before this date.
Here you can see support levels on Bitcoin price chart. If we see price dump on Bitcoin price chart, Bitcoin price will break down possible bearish flag pattern. The target of this bearish flag pattern is to touch 40K USD. There is also support level on Bitcoin price chart. This level may be the bottom of bearish season.
So, It is so possible to see price dump on Bitcoin price chart in this month. I shared important levels on Bitcoin price chart.
We will see..