Bitcoin Price Supported by 75K USD Level

There was great support level on Bitcoin price chart. I shared lots of analysis about Bitcoin price chart and said Bitcoin price may be supported by 75K USD level or the bottom line of great ascending channel. After touching 200-day moving average, Bitcoin price is going down slowly.

Here you can see daily chart of Bitcoin price. It is going down slowly after touching 200-day moving average. Bitcoin price broke down the middle line of this great ascending channel during price correction. 75K USD level was the first great support level and it supported. Bitcoin price is still below 8-day moving average. It is important signal for short-term.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the bottom and trying to reverse up. We may see reversing up on this indicator if we see more daily red candle.

MACD Indicator is still in correction. Even it reversed down from the top, we may see reverse up if we see more daily green candle. If it reverses up we will see mini bullish trend on Bitcoin price chart. Because this reversing up will happen on 0 level.

RSI Indicator broke down mini uptrend line. We need time to see the new bullish pattern on RSI Indicator.

8-day moving average important for Bitcoin price for short term. If we see more daily green candle, Bitcoin price will get daily close above 8-day and these major indicators will reverse up.

We may see mini bullish trend. If not, we will focus the bottom line of this great ascending channel to support Bitcoin price.

We will see..

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