Bitcoin broke up the great resistance which is at 32500 USD level. I shared lots of analysis and said this year, Bitcoin was trying to draw bullish flag pattern. Today, Bitcoin broke up the top line of this flag..
It is very bullish move. Breaking up flag pattern follows bullish moves. We may see bullish moves on Bitcoin...
I have no price prediction for Bitcoin after breaking up 32500 USD. It was very easy for Bitcoin to break up this great resistance!
Here you can see daily chart of Bitcoin and I draw the resistance and support lines..
When we look at indicators on daily Bitcoin price chart, bullish move may continue until end of November. but we will see huge price drop on Bitcoin price. There is support line on RSI Indicator and It will be broken down..
Here you can see 4-hour price chart of Bitcoin. When we look at this chart, Bitcoin price will go down in a few 4-hours.. There is uptrend on RSI Indicator and It will be broken down...
So, we may be close to the top of Bitcoin price in 2023. When we look at short and long term chart, Bitcoin price needs correction..
We will see...