Bitcoin Price Reversed Down from 86K USD Level

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After touching 86K USD, Bitcoin price reversed down. It may be price correction after fast going up. There was great resistance on Bitcoin price chart. 82,5K USD resisted Bitcoin price for three times. It may support Bitcoin price. It should support Bitcoin price.

Here you can see daily chart of Bitcoin price. We will wait to see supporting by 82,5K USD level. If not, Bitcoin price will enter older channel. Even we see price correction, Bitcoin price made higher high pattern.

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Here you can see the indicators on daily chart of Bitcoin price. There is still uptrend line on RSI Indicator. We will see uptrend until breaking down this mini uptrend line.
Fisher Indicator reversed down from the top. MACD Indicator is close to reverse down. If we see reversing down on MACD Indicator. It will be lower high reversing down, Even there is higher high on Bitcoin price.

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After completing price correction these levels, we will follow another bullish attack on Bitcoin price. Bitcoin price entered bullish season. It may take a few months and years.

We will see..

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3 comments
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That RSI uptrend line holding while price rejects 86K is the most important signal on this chart.

Most people only look at price action, but the momentum divergence you spotted, with Fisher reversing before MACD, confirms this is profit-taking, not trend exhaustion. The 82.5K triple test is textbook resistance flipping to support if it holds.

Your point about higher highs remaining intact during a correction is key. Bearish reversals need lower lows to invalidate structure, and we haven't seen that yet. Even if MACD crosses down, a retest of 82.5K that bounces would actually strengthen the bullish case more than another green candle from here.

The older channel risk is real if 82.5K fails, but until that level breaks on a daily close, this is just noise within an uptrend. Patience over prediction right now.

#btc #bitcoin #technicalanalysis #leofinance

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