There is Major Curve Support Line Following Bitcoin Price
Bitcoin price chart lots of support lines. There are lots of curve support lines. But one of them is major curve line coming from 2021. Bitcoin price will go up when it stays above this support line.
Here you can see daily chart of Bitcoin price. Bitcoin price broke down mini curve support line. After breaking down this support line, Bitcoin price went down fast. There is great major support line at 100K. If we see market crash on Bitcoin price chart more than 10% down, Major curve support line will support Bitcoin price.
Here you can see the indicators on daily chart of Bitcoin price. The worst scenario is to touch major curve support line. When we look at the indicator, it may be hard to see the worst scenario.
Fisher Indicator is on the bottom and trying to reverse up. MACD Indicator is also on the bottom and trying to reverse up.
There are lots of bowl pattern on RSI Indicator. We may see reversing up from this level. Because RSI Indicator touched bowl pattern. If Bitcoin price reverses up from this level, we will see uptrend during end of this year.
Bitcoin price is in bullish trend until 2021. There is great curve support line on Bitcoin price chart. It may be hard to see Bitcoin price below 100K.
We will see..
Posted Using INLEO
This was a good analysis of the Bitcoin chart. Now looking at the curve of the chart I agree it will be hard to see Bitcoin below 100k, but the market can get influenced quickly as we have seen over the past days from Trumps cabinet, but again I have to commend your analysis, hope to see more soon.
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