There is mini rising wedge pattern on Bitcoin price chart. We will see the result of this pattern in a few days.
Here you can see 4-hour chart of Bitcoin price. Bitcoin price went up fast from 60K to 80K. After reaching 80K, Bitcoin price is in rising wedge pattern. It will be broken up or down in a few days. Even it seems as a bullish pattern, market maker always makes fake moves. We will see what market maker will do. This rising wedge pattern may be broken down after reaching the end of this pattern.
Here you can see the indicators on daily chart of Bitcoin price. There was great resistance on RSI Indicator. It was coming from 2 years ago. It was one of the greatest resistance on RSI Indicator. While Bitcoin price went up from 60K to 80K, it is broken up. This is wht we saw daily huge green candles on Bitcoin price chart. After breaking up this resistance, RSI Indicator is at over bought level.
Fisher Indicator is on the top and It may reverse down. MACD Indicator is close to the top. It may reverse down. If we see daily red candles, these indicator will enter correction. We may see breaking down this rising wedge pattern.
Bitcoin price went up fast. We need price correction. Bitcoin price may enter correction before breaking up 82K.
We will see...
