There is uptrend line on Bitcoin price chart coming from 92K from May. Bitcoin price touched so many times this support line. Even it broken down in July, it was only a bearish trap. Bitcoin price is going up slowly while touching this uptrend line.
Here you can see daily chart of Bitcoin price. There were downtrend line coming from all time high. Even Bitcoin price broke up 2 of them, 3rd one resisted Bitcoin price. Bitcoin price stuck between this downtrend line and uptrend line. They will be crossed in a few days. We may see breaking down uptrend line. If it happens, we may see huge volatility on crypto market.
Here you can see the indicators on daily chart of Bitcoin price. There are downtrend lines on the indicator. Fisher Indicator will meet with downtrend line in a few days. If it breaks up Bitcoin price may break up downtrend line.
There is major downtrend line on RSI Indicator. If Bitcoin price breaks up this downtrend line, We will see the new bullish trend.
MACD Indicator is trying to reverse up. It may be early to see reversing up.
I think the indicators will touch downtrend lines and they will reverse down. We may see another price dump after touching this downtrend lines. Because Bitcoin price will break down mini utprend line.
After 4 monthly green candle, we are in 5th month. We should see a red monthly candle. I think we will see red monthly candle in August. So, it is so possible to see price correction.
We will see..