Flag Pattern is on Bitcoin Price Chart

There is flag pattern on Bitcoin price chart. After reaching all time high level, Bitcoin price entered price correction. There was mini downtrend line on Bitcoin price chart coming from all time high Bitcoin broke up this downtrend line. Flag pattern appeared on Bitcoin price chart.

Here you can see 4-hour chart of Bitcoin price. Bitcoin price tested to break up the top level of this flag pattern. We have seen 4th touch on this pattern. If Bitcoin price can not break up the top level of this pattern, Bitcoin price will break down the bottom line of this pattern.

It seems as bearish flag pattern. We should be careful. We should see breaking up the top level of this pattern. It will be the confirmation for bullish run.

Here you can seedaily chart of Bitcoin price. There was 100-day moving average on Bitcoin price chart. I shared a few analysis about this average. Bitcoin price got daily close above this moving average. It is great to see for bullish. You can see how is suported and resisted Bitcoin price before. You can see what happened aftere breaking up this average. We should see more daily close above this moving average.

There is 25-day moving average will cross down 100-day moving average. It is a beraish cross. You can see what happened after bearish cross on Bitcoin price chart. We have not seen Bitcoin price pump while 25-day moving average breaking down 100-day moving average.

So, we should be careful. We should see more daily close above 100-day moving average. Market maker may make a bullish trap. 25-day moving average may be proof of this bullish trap.

We will see..