Bitcoin appears to be forming a Head and Shoulders on the 2 Day Chart. The target of this pattern lines up with previous major resistance.
Bitcoin spent the past month retesting this Historic 10 Year Ascending Channel.
Bitcoin may be leaving the Denial Phase and heading into the Panic Phase. April closed out with a Doji Candle and it's time for the "Sell in May and Go Away" adage to potentially kick in.
This is a reminder that usually the quick moves down occur when the RSI breaks the Trendline on the 1 Day Chart.
Bitcoin appears to be within this Ascending Channel on the 2 Day Chart. Ascending Channels are usually Bearish. If the Price Breaks down we could see a sub 20k BTC again.
Bitcoin appears to be retesting this Ascending Channel on the 12 Hour Chart and there's significant confluence around 25.2k.
Bitcoin is finding rejection around the 70-level in the RSI. The last time the Bitcoin RSI was at the 70-Level was at the all-time-high.
Highlighting some important points on the 1 Day Chart where the price made contact with the 50 EMA, 200 EMA or this Green Trendline.
Highlighting some important points on the 3 Day Chart where the price made contact with the 50 or 200 MA.
May is approaching and I'm not sure if the "Sell in May and Go Away" adage will play out this year or not.
25.2k is where the retest of this potential Inverse Head and Shoulders lies. It's also where the 1 Week 20 and 200 EMA could have a Golden Cross.
Bitcoin is currently trying to remain above the 200 EMA on the 4 Day Chart.
This is probably the most Bullish Scenario I can think of right now. If Bitcoin can come back down and retest 25.2k as support, then I believe it has a chance of reaching 41.1k.
The MACD and RSI looks overbought on the 1 Day Chart. These indicators are saying we could see some bearish price action soon.
Bitcoin could be forming this potential Rising Wedge on the 1 Day Chart. If this pattern plays out then the target is around 20.3k.
Bitcoin is trading within this Descending Channel on the 1 Week Chart. We could see a volatile move soon since it just made contact with the upper trendline.
Bitcoin is still retesting this Ascending Channel on the 1 Month Chart. I added in some EMA and I just noticed that the price found support at the 100 EMA so that must have caused the pump.
Bitcoin could be forming this massive Symmetrical Triangle on the 8 Hour chart. If this breaks down we could see 25.2k again.