Price Correction Seems Inevitable on Monthly Bitcoin Chart

Even Today Bitcoin price went up from 60K to 65K after bad news coming from Iran&Israel crisis, Bitcoin price is at the begining of price correction. It may be a dead cat bounce..

Lots of investors are waiting all time high again after halving completed. I don't think like this. This is only the beginning of price correction of Bitcoin. Bitcoin needs a few monthle red candles to complete price correction to continue bullrun..

Here you can see montly chart of Bitcoin. There is similarity between 2021 and now. Bitcoin price went up 6 months in 2021 and entered price correction. In this bullrun, Bitcoin price went up 7 months and entered price correction. This is the first month of price correction.

Here you can see monthly chart of Bitcoin and the indicators. This is why I am as certain and explained the beginnign of price correction. MACD Indicator is on the top and It may reverse. Fisher Indicator is also on the top and may reverse.. RSI Indicator touched the overbought level and It may go down..

If we see a few monthly red candle, these indicators will reverse and Bitcoin price will enter midterm price correction!

Sell in May go away can be true..

Bitcoin price touched 8-month moving average in 2021 during price correction. We may see Bitcoin price touching there. It is at 47K USD level now..

Even Bitcoin price chart seems bullish, It need price correction. We may be at the beginning of correction.

May will be important month for crypto. We will see..