Bitcoin Price Will be Traded in Low Range
hive-167922·@chorock·
3.334 HBDBitcoin Price Will be Traded in Low Range
There are great down and uptrend lines on Bitcoin price chart. After high volatility while dropping from 120K to 80K, we may see Bitcoin price being traded in low range. These great up and downtrend line will cross each other at the beginning of this year. After this crossing, we will see high volatility on Bitcoin price again. Here you can see daily chart of Bitcoin price. After touching 80K USD, Bitcoin price went up more than 10%. Even we have seen 10% profit in short time, Bitcoin price is still away from downtrend line. We need a few days to see touching this dowtrend line. Even Bitcoin price breaks up this downtrend line, Bitcoin price may try to draw right shoulder.  Here you can see weekly chart of Bitcoin price and the indicator. It can clearly show us the future of Bitcoin price. There was great uptrend line on RSI Indicator. It is broken down a few weeks ago. It is hard to see the new uptrend pattern on this indicator in short time. We should wait to see the new uptrend pattern. MACD Indicators level is at the bottom level. Fisher Indicator is close to the bottom and it is trying to reverse up. We saw weekly green candle after 4 weekly red candles. We need to see more green weekly candles on Bitcoin price chart to see reversing up.  Even Bitcoin price breaks up downtrend line, right shoulder scenario is on the table. We may see head and shoulders pattern on Bitcoin price chart in 2026. We should be careful about this scenario. We will see... Posted Using [INLEO](https://inleo.io/@chorock/bitcoin-price-will-be-traded-in-low-range-5kq)
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