Bitcoin price touched the top of descending channel. I shared a fee analysis and said This might be a bullish trap. I circled the possible bullish trap with yellow. There is also uptrend line and Bitcoin needs only a few days to break up and should show us daily close above this downtrend line..
Here you can see daily chart of Bitcoin. Today, Bitcoin price went up to 71K and went down to 70K again. It is very hard to break up this downtrend line. Will Bitcoin break up?
If it breaks up, we should see daily close above downtrend line. If we don't see, it will seem as a bullish trap.
Here you can see the Indicators of daily Bitcoin price chart. There is also uptrend line in RSI Indicator. It worked as a support line. If it breaks down, we will see huge dump on Bitcoin price chart.
Full moon is coming soon. We will see astrological events in next week. We will see huge moves on Bticoin price chart in next week. It will break up or down.
It may be early to see all time high in May or June,
We may wait price correction for a few months..
We will see..