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Bitcoin Price Should be on Bottom! by chorock

View this thread on: hive.blogpeakd.comecency.com
· @chorock ·
$3.20
Bitcoin Price Should be on Bottom!
I have no doubt that Bitcoin price may be on the bottom in this level. There are lots of good signal that confirm my thoughts.

Here is longterm logarithmic Bitcoin price chart. It is the first time that Bitcoin price touched the bottom line of Bollinger band in monthly chart! There is uptrend channel and the bottom of channel is tested 2 times before..



![Ekran Resmi 20220623 23.00.49.png](https://images.hive.blog/DQmZNeTrAf8MFfGgMZfVGs69AKuZbPaycHxxU2EGuj8gDoL/Ekran%20Resmi%202022-06-23%2023.00.49.png)

Here is RSI Indicator. Bitcoin price may close this month above supoort line. So, Bitcoin price should go up to 22K to close on supoort line of RSI Indicator.

If Bitcoin price close above this support line, There is no panic for Bitcoin future. July may be better than June! 

![Ekran Resmi 20220623 23.01.30.png](https://images.hive.blog/DQmRWHSqSWpBKni73JqXTsnTxWAHgAT3UcSUbA7wrF51MVp/Ekran%20Resmi%202022-06-23%2023.01.30.png)

There is 3 months red candles in Bitcoin price chart. Will we see the 4th?





Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chorock/bitcoin-price-should-be-on-bottom)
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@hivebuzz ·
Congratulations @chorock! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@chorock/payout.png?202206232209"></td><td>You received more than 25000 HP as payout for your posts, comments and curation.<br>Your next payout target is 26000 HP.<br><sub>The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD</sub></td></tr>
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<sub>_You can view your badges on [your board](https://hivebuzz.me/@chorock) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
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To support your work, I also upvoted your post!
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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 111 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-110-and-start-week-111) just started...you can now check the winners of the previous week!</center><center><sub>4</sub></center>
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