Bitcoin price is critical level. It may break down bowl pattern at RSI Indicator. It may be broken down in a few days. If it happens, we will enter new pattern. This pattern began at March 2024. It will end in this month! I shared lots of analysis about this pattern. It is so important.
Here you can see daily chart of Bitcoin. There is huge bowl pattern on RSI Indicator. Bitcoin price wotuched this pattern a few days ago. Price went up to 104K. Bitcoin price still in touch with this pattern. We may see huge price correction on Bitcoin price chart, if it breaks down.
Here you can see the indicators on daily Bitcoin price chart. Fisher Indicator is on the top and may reverse. MACD Indicator is still in correction. It may take long time to be completed. So, breaking down in RSI Indicator is so possible.
We may see correction on RSI Indicator. But It will be dangerous. We should be careful.
I said lots of times that we should be careful. Bitcıin price is at dangerous level.
Market is on hype but technical analysis gives us alert.
We will see..