There is great resistance on Bitcoin price chart coming from all time high level. Bitcoin price tried to break up this resistance a few times but It could not. There was mini uptrend line on Bitcoin price chart. I shared a few analysis about this mini uptrend line and It is broken down a few days ago. Even it is broken down we have not seen enough price dump on Bitcoin price chart.
Here you can see daily chart of Bitcoin price. There is great triple bottom pattern on Bitcoin price chart. After breaking down mini uptrend line, it was possible to see touching this great support line. But Bitcoin price is trying to reverse down. We may see it touching great resistance coming from all time high level.
Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the bottom and trying to reverse up. There is great downtrend line on RSI Indicator. There is also mini support line on RSI Indicator. Mini support line supported RSI Indicator a few days ago. If we see breaking down this mini support line, we may see market crash.
There is mini support line on MACD Indicator. It is broken down. We should see breaking down mini support line on RSI INdicator. After this breaking down, It will be confirmation for market crash.
We have a few weeks to see the results. It is possible to see reversing down after touching great resistance coming from all time high.
We will see..
Posted Using INLEO
