Bitcoin Price is Getting Ready to Break up The Middle Line of Bollinger Bands

Bitcoin price touched the middle line of Bollinger Bands in daily chart. It is one of major resistance on Bitcoin price chart. This is 2nd touch on the middle line of Bollinger Bands. We may see breaking up this resistance.

Here you can see daily chart of Bitcoin. Bitcoin price is ready to break up the first major resistance. But there is great resistance on price chart. There is downtrend line coming from 108K USD. Bitcoin price may touch this resistance in a few days.

Here you can see the indicators on daily chart of Bitcoin. MACD Indicator is on the top and great level to reverse up. Fisher Indicator is also on the top and ready to reverse up. These are major reasons that Bitcoin price may go up.

There is great down trend line on RSI Indicator. It may be early to break up this RSI downtrend line.

So, it is possible to see breaking up the middle line of Bolilnger Bands in daily chart but RSI Indicator may resist Bitcoin price a few days later.

So, it is possible to see small uptrend on Bitcoin price chart. Bitcoin price is still in price correction for midterm and longterm. So, This uptrend may be small.

We will see..