Bitcoin Price Broke Down Mini Uptrend Line

There was mini uptrend line on Bitcoin price chart coming from 58K. Bitcoin price touched 58K USD after reversing down from 80K USD. I shared a few analysis about this possible breaking down and It happened finally.

Here you can see daily chart of Bitcoin price. There is great resistance on Bitcoin price chart coming from all time high level. There was mini uptrend line on Bitcoin price chart. They will cross each other until the beginning of August. Today is the day for full moon. I said market maker always looks lunar calendar. It was time to see breaking up or down. Breaking down mini support line happened.

Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is going down. It may reverse up after a few days. There are lots of mini uptrend lines both MACD and RSI Indicators. They should not break down these mini uptrend lines. You can see what happened after breaking down these support lines. MACD Indicator is close to reverse down. If we see daily red candles, we will see breaking down this mini support line.

We may see retest on mini support line. After broken down, this mini support line may be work as a resistance.

We will see..