Bitcoin is Getting Ready to Break up Downtrend Line

There is downtrend line on Bitcoin price chart coming from the top level before market crash. Bitcoin may break up this downtrend line in a few days. There is great support line on Bitcoin price chart, It will support Bitcoin price and this is why I say that Bitcoin price may break up downtrend line.

Here you can see daily chart of Bitcoin. You can see great support line as drawn blue. Downtrend line will cross this upport line in a few days. It may be hard to break down great support. So, It may be easier to break up downtrend line. We may see small uptrend on crypto market in a few days.

Here you can see the indicators on daily chart of Bitcoin. When we look at shortterm Bitcoin price chart, price reversing up is coming soon. MACD and Fisher Indicators are on the bottom and getting ready to reverse up. But there is great downtrend line on RSI Indicator. WE may see the pressure of this downtrend line until March or April. So, We may see a small pump on crypto market in a few days. I dont think that we will see mid-pump crypto market. It may be early.

I shared a few post about midterm Bitcoin price chart, and I was waiting price correction for mid and longterm.

So, It is possible to see small pumps on crypto market for short term. Lots of crypto influencers will think that we will enter mega altcoin season. They will try to hype you. We should not follow them..

We will see..