Bitcoin Price is Going Up After Bearish Trap
Bitcoin price went up after bearish trap. Bitcoin collected bearish people in this trap and it continues bullish trend.
I shared a post and 48k to 38K move might be bearish trap. I can be said it is bearish trap today. Here you can see daily chart of Bitcoin. There is support line on Bitcoin price chart coming from the beginning of November.
Bitcoin broke down this support line to set bearish trap and people sold their crypto after seeing breaking down!
Bitcoin may be entered new bullish trend. Here you can see RSI Indicator on daily Bitcoin price chart. Bitcoin broke down the downtrend line on RSI Indicator. It worked as resistance on RSI.
After breaking up RSI Indicators resistance, Bitcoin price went up.
MACD Indicator is also going to good level for bullish scenario.
So, Bitcoin may retest 48K to break up in this month. 48K is great resistance for Bitcoin price.
We will see if Bitcoin break up this resistance..
Waiting..
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