Bitcoin Price Broke Down The Bottom Line of Ascending Channel

There was great ascending channel on Bitcoin price chart coming from 60K. I shared lots of analysis about Bitcoin price chart. There were support levels on Bitcoin price chart after reversing from 200-day moving average. Bitcoin price was going up slowly after last touch the bottom line of this ascending channel. After touching 200-day moving average, Bitcoin price reversed down. 75K USD was the first great support level but It was broken down. The bottom line of this ascending channel is the second support level.

Here you can see daily chart of Bitcoin price. When we look at daily chart of Bitcoin price, we can see breaking down the bottom line of this ascending channel. If we see more daily red candles, we may see market crash.

You can see what happened before. You can see how Bitcoin price went down after the last breaking down ascending channel.

Here you can see the indicators on daily chart of Bitcoin price. Even Fisher Indicator is trying to reverse up, It can not. It reversed down from the middle level.

There was uptrend line on MACD Indicator, It is broken down. RSI Indicator broke down mini uptrend line.

It was so possible to see this price reversing down after 200-day moving average.

Today Bitcoin price supported by 100-day moving average. If it breaks down this average, we will see market crash.

Bitcoin price is close to market crash. 100-day moving average should support Bitcoin price. If not, we will see bad days.

We will see..

Posted Using INLEO