Bitcoin Price Broke Down Second Curve Support Line

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There were lots of support lines on Bitcoin price chart. There was great resistance on Bitcoin price chart coming from all time high levels. It worked as great support after broken up. It has broken down a few days ago. There was also second curve suport line on Bitcoin price chart and It is broken down.

Here you can see daily chart of Bitcoin price. I draw curve resistances. Because Bitcoin price was increasing as parabolic. Parabolic price pumps supported by curve support lines. Bitcoin price broke down second curve support line. Parabolic price pump may end.

There was also linear support line I draw it as yellow. It is broken down. So, we may see price correction after this breaking downs.

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Here you can see the indicators on daily chart of Bitcoin price. There is similarity on MACD Indicator. After reversing down from the top we have seen lower top. We should see going down on MACD Indicator in a few days. There was down trend line on Fisher Indicator and It was broken up. We have seen all time high after this breaking up.

There was downtrend line on RSI Indicator and It is broken down. After reversing from top, RSI Indicator touched again this downtrend line.

There is great bowl pattern on RSI Indicator. So, Bitcoin price may reverse up after touching this pattern.

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When we look at bowl pattern, we should see the bottom in a few days and It should reverse up to go up. Bitcoin price may enter again bullish trend.

We will see..

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I was planning to sell some, crypto but surprised upon seeing price drops 🤣

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