Doji Candle is on Monthly Bitcoin Price Chart - Reversing Alert

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There seemed a doji candle on Monthly Bitcoin price chart. It is signal of reversing from the top or bottom. We saw this candle on the top after 2023 bullish season. January was the month of releasing of ETF new. Bitcoin price touched 48K and went down to 38K. So, It drew doji candle on the chart.

Here you can see the monthly chart of Bitcoin. I circled the same doji candle on April 2021. Bitcoin drew same candle on this time and there was a price correction after this candle.

This is possible to see price correction on Bitcoin price chart.

When we look at the indicators on monthly Bitcoin price chart, We are close to price correction. If Bitcoin goes down this month, we will enter price correction trend for a few weeks.

Here you can see the indicators on montly chart. Fisher Indicator is close to reverse from the top. So, it may take a few months to correction.

I think we will not see Bitcoin price below 35K. Price correction may continue until 35K.

We will see..

Posted Using InLeo Alpha

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