Bitcoin Price is Testing to Break Up Great Support Line

There is great support line on Bitcoin price chart. It may be a triple bottom pattern If it support Bitcoin price chart. 60-58K USD level is critical level for Bitcoin price. We should not see breaking down this level.

Here you can see daily chart of Bitcoin price. There were great and mini ascending channels on Bitcoin price chart and they are broken down. After breaking down mini ascending channel, Bitcoin price touched 58K USD level where is great support level for Bitcoin price chart. If it breaks down, we will see daily huge red candles on Bitcoin price chart. We will meet another market crash.

Here you can see the indicators on daily chart of Bitcoin price. Even Fisher Indicator is on the bottom, it can not reverse up. MACD Indicator is below 0 level. It is trying to reverse up. There is not pattern on RSI Indicator. It has broken down mini uptrend line yet.

We should see the new bullish or reversing pattern on Bitcoin price chart.

If we dont see reversing up in this week, we will meet another market crash. Bitcoin price is at critical level. We will see the decision.

I hope we will see reversing up.

Posted Using INLEO