Bitcoin Price Will Touch Great Downtrend Line Coming From All Time High

There is great downtrend line on Bitcoin price chart. Bitcoin price will touch this downtrend line in a few days. This downtrend line is coming from all time high level. You can see what happened before Bitcoin price touched this resistance.

Here you can see daily chart of Bitcoin price. Bitcoin price is in an ascending channel coming from 60K. It touched the middle line of this channel this week. It is hard to break up this resistance.

Bitcoin price will meet with great downtrend line coming from all time high. It is so possible to see reversing down from this resistance.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicators is on the top. This why I say that it is hard to break up this resistance. Fisher Indicator will reverse down in a few days.

MACD Indicator is above 0 level. It is good signal for bullish trend but there is great resistance on RSI Indicator. When Bitcoin price touches downtrend line, RSI Indicator touch this great resistance. There is also mini uptrend line on RSI Indicator. It is so possible to see breaking down this mini uptrend line.

So, It is so possible to see another market crash on Bitcoin price chart. We should follow the chart of indicators of Bitcoin price. Time is running out. We are getting closer for market crash.

We will see..

Posted Using INLEO