Bitcoin Price is Going Down Without Breathing

Bitcoin price is going down day by day. It is not breathing while going down. Lots of investors were waiting for all time high in this year but I will not. Bitcoin price entered bearish season and we will see Bitcoin price on the bottom.

Here you can see monthly chart of Bitcoin price. This is 5th monthy red candle on this chart. Bitcoin price is going for for 5 months. We have seen 6 monthly red candles in 2018. We may see the same series.

100- month moving average is at 40K USD level. Bitcoin price may drop until this support level.

Here you can see the indicators on monthly chart of Bitcoin price. There was uptrend line on Bitcoin price chart and it is broken down. Fisher Indicator reversed from the top and it need to complete correction. MACD Indicator is also reversed from the top. It needs also correction.

So, we need a few monhts to complete correction on these major indicators. During this correction, Bitcoin price may touch 100-month moving average.

40K USD is great support for me. We may see Bitcoin price touching this level. After touching this level, we will focus the bottom level.

Crypto market will be in bearish season during 2026. Bad days may come.

We will see..

Posted Using INLEO