There are lots of bearish signals on Bitcoin price chart. Dead crosses started to appear on Bitcoin price chart. These dead crosses are not early signals. They appear after confirmation.
Here you can see daily chart of Bitcoin price. 25-day moving average broke down 100-day moving average. Even it broke down before, we have seen price pump on Bitcoin price chart to recover this dead cross. But these moving averages are going down. It may be hard to see price pump on Bitcoin price chart.
I shared an analysis about possible bearish flag on Bitcoin price chart. If bearish scenario happens, we may see Bitcoin price touching the target of this bearish flag..
Here you can see weekly chart of Bitcoin price. There was great uptrend line on RSI Indicator and It is broken down. It was very important bullish pattern. It was coming from 2022. We need to see the new pattern on RSI Indicator. MACD and Fisher Indicators are trying to reverse up on weekly chart of Bitcoin.
There is also great support line on Bitcoin price. You can see how 100-week moving average supported Bitcoin price chart. If it breaks down, Bitcoin price may enter bearish trend.
We need to see green weekly candles on Bitcoin price chart to recover the loses. But crypto market is at danger. We may enter big bearish season If Japan increases the rates.
We will see..
