Bitcoin Price is Trying to Break up Another Downtrend Line

6 days ago

There is mini downtrend line on Bitcoin price chart. Bitcoin price broke up previous mini downtrend line a few days ago. Even it is broken up, we could not see huge price pumps on Bitcoin price chart. There was also bullish flag pattern. Bitcoin price reversed down after breaking down this mini downtrend line.

Here you can see daily chart of Bitcoin price. There appears bigger downtrend line on Bitcoin price chart. After getting 2 daily red candles, Bitcoin price is trying to reverse up. It will try to break up abother mini downtrend line in next week.

Here you can see the indicators on daily chart of Bitcoin price. There is also downtrend line on RSI Indicator. MACD Indicator is on correction. We may see reversing up MACD Indicator if Bitcoin price gets green daily candles. If not, we will see correction on Bitcoin price for a month. Downtrend line of RSI Indicator may grow and It may be greater resistance.

Bitcoin price is trying to stay above great resistance. There was great resistance coming from all time high levels. It works as a support line. Bitcoin price should stay above this support line to continue uptrend. If Bitcoin price can not break up mini downtrend line in short time, we will see breaking down of this great support line.

We will see..

Posted Using INLEO

hive-167922 proofofbrain neoxian palnet cent ctp bitcoin analysis vyb posh

0.000

2 comments

@india-leo 59

5 days ago

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

_{100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.}

0.000

@hivebuzz 74

5 days ago

Congratulations @chorock! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

	You have been a buzzy bee and published a post every day of the week.

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Check out our last posts:

	Hive Power Up Day - August 1st 2025

0.000