Curve Support Line is on Bitcoin Price Chart

There is mini curve support line on Bitcoin price chart. Bitcoin price can not go up after touching 65K. There appeared a mini curve support line. There was mini downtrend line on Bitcoin price chart. Even Bitcoin price broke up this resistance we can not see enough bullish move.

Here you can see daily chart of Bitcoin price. There is possible triple bottom pattern. After touching the third time of this great support line, Bitcoin price reversed up tried to go up quickly. But the accelearion of going up stooped and there happened curve support line. If we see daily red candle on Bitcoin price chart, Bitcoin price will break down this mini curve support line.

Here you can see the indicators on daily chart of Bitcoin price. There is great downtrend line on RSI Indicator. Even Bitcoin price broke up this great downtrend line a few weeks ago, It reversed down again. We can say that it was a bullish trap. There are mini uptrend lines on RSI Indicator. You can see what happened after breaking down these mini uptrend lines.

There are also mini uptrend lines on MACD Indicator. You can see also what happened after breaking down this mini uptrend lines. Fisher Indicator is trying to reverse up.

Bitcoin price can not go up there is no major resistance until 200-day moving average. There may be something waiting for the next price dump. We should be careful.

We will see..

Posted Using INLEO