Bitcoin price seems stable nowadays. There is no volatility on Bitcoin price chart. Even Bitcoin price broke up great resistance downtrend line coming from 108K USD, It can not go up. There may be a problem for Bitcoin price.
Here you can see daily chart of Bitcoin. It is great resistance on Bitcoin price chart coming from all time high and It is broken up in a few days ago. Even it is broken, Bitcoin price is under sell pressure and can not go up. It also lost volatility.
If a stock can not go up, we may see it going down..
Here you can see the indicators on daily chart of Bitcoin. Fisher Indicators reversed from the top. This is why I said we may see downtrend on Bitcoin price chart and It can not go up.
Fisher Indicators reversed from the top and MACD Indicator is going to reverse down. If it reverses down, it may break down uptrend line. If this scenario happens, we may see another downtrend on Bitcoin price chart.
There is pattern on RSI Indicator. When it starts to appear, we will focus on RSI Indicator.
So, we may see mini downtrend on Bitcoin price chart in a few days. It can not go up. We will see going down.
We will see..
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Crypto trading can be challenging!
Stay hard. ⚡
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Taking into account current political and social factors, I would expect to see the price gradually decrease over the next year as people exit markets in times of uncertainty.
Once the political tensions have eased it won't be surprising to see it smash all time highs as people re-enter markets.
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