There were downtrend lines on Bitcoin price chart. Bitcoin price broke up these downtrend lines. Even it brokes up these downtrend lines, we can not see big pump with volatility on Bitcoin price chart.
Here you can see dialy chart of Bitcoin price. There was bullish flag pattern on Bitcoin price chart. Even it broke up the top line of flag pattern, Bitcoin price reversed down after breaking up. The target of flag pattern is at 135K USD. Great support level is following Bitcoin price.
Here you can see the indicators on daily chart of Bitcoin. It shows why Bitcoin price can not go up. There is downtrend line on RSI Indicator. It resists Bitcoin price. Bitcoin should break up this downtrend line on RSI Indicator.
Even Fisher Indicator reversed up, MACD Indicator is still in correction. Even MACD Indicator is trying to reverse up, it may be impossible in this month. It may take a few weeks to complete correction on MACD Indicator.
So, when we look at the price chart of Bitcoin, it seems very bullish. When we look at the indicators, it seems Bitcoin price chart is in correction.
This is why Bitcoin price can not go up.
We will see..