Bitcoin price went up after seeing the result on 2024 US Election. There is no price correction during this price pump. Here you can see daily chart of Bitcoin. Bitcoin price was in price correction after March 2024. Bitcoin broke up this resistance in November.
Price correction seemed on Bitcoin price chart. It will be in next week. I can say that I am certain. I will show you how I am certain. Even lots of investors are waiting for 100K in Bitcoin price chart, I am waiting for price correction before 100K.
Here you can see the indicators on daily Bitcoin price chart. I showed all indicator these need correction. MACD Indicator level is same as March 2024. This is main reason. We may see correcion on MACD Indicator. You can see what happened after March 2024.
Fisher Indicator is going to the top. It will reach as the same level as March 2024.
RSI Indicator has same pattern as March 2024. We will see lower tops on RSI Indicator that means negative divergence. There is also bowl pattern on RSI Indicator. We will see breaking down until the new year.
I want to show you solid reason. Here you can see longterm daily chart of Bitcoin. MACD Indicator is still at the same level as 2021! This is why I am certain. Even we saw hard bullish season in 2021, We are at the same level now on MACD Indicator. So, I am waiting fpor price correction in next week!
I think Bitcoin price may touch 82K. I am not sure about level. I will focus for level after seeing price correction.
I tried to show you main reasons for possible price correction on Bitcoin price chart. We should be careful.
We will see..
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Cryptocurrencies can help a lot today's young people, but also 50-year-olds like me. I didn't expect that BTC could be worth more than $90,000 in 2024. At this point I'm starting to believe those who say that BTC could one day be worth more than $250,000. Honestly, now I hope it goes down a little. Thanks for your analysis.
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The bitcoin price will soon rise as I am so sure of that and it is just a matter of time before we witness a massive rise and it will attract a lot of people when it finally rise actually which is something beautiful to actually admire of
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