Bitcoin Price is Trying to Enter Bullish Trend

After going down from 68K to 47K, Bitcoin price is trying to enter bullish trend to recover the loss. I shared lots of analysis about Bitcoin price chart before price dump from 68K for possible price dump. It happened. Even It happened, Bitcoin is still trying to enter new bullish trend.

Here you can see daily chart of Bitcoin. There are bullish trend lines drawn by green. I drew possible the next bullish trend line on descending channel. Even Bitcoin price recovered a few loss from 68K to 47K, It is resisted by the middle line of descending channel.

Bitcoin price chart has 3 green candles in last days. It is first time after 68K price dump. We have only seen 4 green candles in daily chart in last bull run. It is no other 4 green candles after all time high! Will we see green candle tomorrow?

I shared a post yesterday about Full Moon at 19th August May be Reason for Possible Dump of Bitcoin Price Tomorrow is the time of fullmoon! I think It will be red for markets.

Here you can see weekly chart of Bitcoin. All of Indicators and price are resisted by downtrend lines. It is very hard to reverse in next week. So, bearish trend may continue.

As I said, tomorrow is very important day. I am always out of market during full moon. I will watch the market tomorrow. I am waiting for price dump after 3 days. Even Bitcoin price is trying to enter new bullish trend price dump is coming soon to hit bullish trend line in daily chart.

We will see.

Posted Using InLeo Alpha