Bitcoin price touched critical support levels. It is close to break down these support line. Even lots of investors were waiting for altcoin season, Bitcoin price may enter bearish season. There are a few signals and corrections for the beginning of bearish season.
Here you can see weekly chart of Bitcoin price. There is great bowl pattern on Bitcoin price chart. If we see weekly close below this bowl pattern, it will be another major correction for the beginning of bearish season.
It is so possible to see breaking down this major bowl pattern. So, we are close to start bearish season. I think we are close to start global economic crisis.
Here you can see the indicators on weekly chart of Bitcoin price. I shared this draft a few months ago. It worked as well. There are great uptrend and downtrend lines on RSI Indicator. If we see weekly close at these levels, RSI Indicator will break down great uptrend line. It means, uptrend will end. We need to see the new pattern. This patter is coming from 16K. It will end.
It means, bullish season will end and bearish season will start.
We don't need to look other indicators. RSI Indicator always shows us the trend. There is also great negative divergence on weekly chart of Bitcoin. It will start to work.
So, bad days are coming soon. I think we will enter economic crisis as 2008. Crypto market is ready for this crisis. Stock market will see..
We will see..
Posted Using INLEO