Bitcoin Price Appears Solid After Touching Great Resistance

Bitcoin price reversed down from 200-day moving average. It is great resistance on Bitcoin price chart. Bitcoin price is in an ascending channel. It touched the top line of this channel. Bitcoin price reversed down from these great resistances.

Here you can see daily chart of Bitcoin price. Bitcoin price got 5 successive daily red candles. Even it got these daily red candles, We have not seen huge price drop on Bitcoin price chart. Bitcoin price is still solid. It is trying to not to go down. The bottom line of this ascending channel is waiting for Bitcoin price for possible price drop. It will support Bitcoin price.

Here you can see the indicators on daily chart of Bitcoin price. There was mini uptrend lin on RSI Indicator and It is broken down. MACD Indicator reversed down from the top. MACD Indicator needs a few days to complete correction. Fisher Indicator is close to the bottom. It may reverse up from the bottom.

After getting 5 successive daily red candles, Bitcoin price may get daily green candles. After getting possible daily green candles, These indicators may reverse up.

Even stock and global market goes down, Bitcoin price is trying to be solid. The bottom line of this ascending channel may support Bitcoin price. If it breaks down, we will see another market crash on Bitcoin price chart. It may the end of crypto story.

We will see..