Bitcoin Price Broke Down Mini Support Line

There was mini support line on Bitcoin price chart coming from 66K. Bitcoin price was going up slowly since 66K. It broke up the middle line of ascending channel, It broke up great downtrend line coming from all time high level. This mini uptrend line supported Bitcoin price and Bitcoin price could go up.

Here you can see daily chart of Bitcoin price. I shared an analysis about Bitcoin price chart and pointed possible breaking down this mini support line. There is great resistance on the top level of this ascending channel. They will cross each other until the beginning of May and It happened earlier.

The middle line of ascending channel is the first support level for Bitcoin price chart. It is breaks down, the bottom line of this ascending channel will be next support on Bitcoin price chart.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the top and trying to reverse down.

There is mini uptrend line on MACD Indicator. We will see reversing down on this indicator.

There is mini uptrend line on RSI Indicator. We will see breaking down this indicator If we see daily red candles on Bitcoin price chart.

It there indicators will be broken down, we may see the new market crash on Bitcoin price chart.

We will see..

Posted Using INLEO