There was support level on Bitcoin price chart after touching 86K USD level. There was mini uptrend line on Bitcoin price chart and Bitcoin price broke down this uptrend line. After breaking down uptrend line, we have not seen enough price correction on Bitcoin price chart.
Here you can see daily chart of Bitcoin price. 81,5K USD level is the first major support level on Bitcoin price chart. Even we saw breaking down this support line, Bitcoin price closed the day above this line. Today we may see daily close below this line. If we see daily below this level, 75K USD level will be the first support level on Bitcoin price chart.
Here you can see the indicators on daily chart of Bitcoin price. There was uptrend line on MACD Indicator. It is broken down. There was uptrend line on RSI Indicator. It is broken down. Mini bullish trend ended on Bitcoin price chart. We will see price correction on Bitcoin price chart. Fisher Indicator is close to the bottom. If may reverse up. There is great downtrend line on RSI Indicator. We will follow this resistance to see the next bullish trend. It may be early to break up this resistance.
Bitcoin price is in price correction period. We may see Bitcoin price touching 75K USD level. If we see this price level, head and shoulders pattern will appear. It is early to focus this pattern. 75K USD is so possible scenario on Bitcoin price chart.
We will see..
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