Bitcoin price touched mini downtrend line coming from 200-day moving average. It is the first resistance on Bitcoin price chart after reversing from 58K. After touching this resistance, Bitcoin price got daily red candle. Even it reversed down from this resistance, Bitcoin price is still above the middle line of Bollinger Bands.
Here you can see daily chart of Bitcoin price. There is also possible triple bottom pattern on Bitcoin price chart. If Bitcoin price breaks down the middle line of daily Bollinger Bands, we may see the price touching great support line.
Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the top and It will reverse down. There are mini uptrend lines on MACD Indicator. You can see what happened after breaking down this uptrend line. If Fisher Indicator reverses down, we will see breaking down MACD Indicator.
There is uptrend line on RSI Indicator. It is so possible to see touching this mini uptrend line.
So, we may see testing support line again. If it supports, we will see great support line on Bitcoin price chart supported 4 times.
We should follow 58K USD level. We should also follow mini downtrend line coming from 200-day moving average..
We will see..
Posted Using INLEO
