Bitcoin Price Broke Up Mini Downtrend Line

There was mini downtrend line on Bitcoin price chart. After touching 200-day moving average at 80K, Bitcoin price went down. There happened mini downtrend line. After touching 58K, Bitcoin price reveresed up. It touched this mini downtrend line and got daily red candle.

Here you can see daily chart of Bitcoin price. Bitcoin price broke up this mini uptrend line today. There is possible triple bottom pattern on Bitcoin price chart.

There are lots of resistance on Bitcoin price chart. 200-day moving average is one of these one.

Here you can see the indicators on daily chart of Bitcoin price. There are mini uptrend lines on RSI and MACD Indicators. They should not be broken down. Fisher Indicator is on the top. It is close to reverse down.

When these indicators are broken down, we will see another bearish wave on Bitcoin price chart. There is no bullish pattern on Bitcoin price chart yet.

Bitcoin price should break down 58K USD. It should support Bitcoin price. If not, we will see 4xK USD level. Even daily chart of Bitcoin price seems bad, weekly and monthly charts of Bitcoin price are close to reverse up.

We will see..

Posted Using INLEO