Falling Wedge Pattern started to appear on Bitcoin price chart. Bitcoin price was under resistance coming from 108K USD. There is great support line also coming from end of 2021. We will see breaking up or down in a few weeks. Falling wedge pattern is also on the table.
Even all of market went up fast yesterday, Bitcoin price can not break up great resistance. It is still between great uptrend and downtrend lines. Falling Wedge pattern is also at the side of downtrend.
Here you can see the indicators on daily chart of Bitcoin. There is great positive divergence on Bitcoin price chart. The bottom of price is decreasing but the bottom of RSI Indicator is increasing. This is also triple positive divergence. We should see price pump after this positive divergence. If we see price pump, Bitcoin price may break up great resistance coming from 108K.
MACD and Fisher Indicators are also good level. Fisher Indicators is on the bottom and reversed. MACD Indicator is close to reverse up. They are ready for price pump.
Even there is negative pattern on Bitcoin price chart, Indicators shows us possible price pump. Bitcoin price should break up great resistance.
We will see..