There was great resistance on Bitcoin price chart coming from all time high level. I shared lots of analysis about Bitcoin price chart and pointed this great resistance on Bitcoin price chart. It is time to see the reaction after touching this resistance.
Here you can see daily chart of Bitcoin price. There was mini uptrend line on Bitcoin price chart. After breaking down this mini uptrend line, Bitcoin price went down slowly and It reversed up again to retest this support line. But there is great resistance on Bitcoin price chart coming from all time high level.
Here you can see the indicators on daily chart of Bitcoin price. There is great downtrend line on RSI Indicator. It is hard to break up. So, we may see reversing down after touching great resistance coming from all time high level. There are mini uptrend lines on MACD Indicator. You can see what happened after breaking down this mini uptrend lines. We may see the same scenario.
Fisher Indicator is close to the top. We may see reverse down this indicator.
So, There is great resistance on Bitcoin price chart. It is hard to break up. It is so possible to see reversing down.
We will see..
