Bitcoin Price Broke Down the Bottom Line of Ascending Channel

Bitcoin price was in an ascending channel. It has been in this channel since the beginning of February. This is the end of two months. Bitcoin price was going up slowly after big market crash. I shared a few analysis about Bitcoin price chart and pointed this ascending channel. Bitcoin price broke down this ascending channel.

Here you can see daily chart of Bitcoin price. Bitcoin price broke down this bottom line of this channel a little bit. We may see huge daily red candles in next days after completing breaking down. We may see another wave of bearish attack. Bitcoin price reversed down from the middle line of this channel. I shared analysis about this reversing.

Here you can see the indicators on daily chart of Bitcoin price. There are the proofs of this breaking down. MACD Indicator reversed down from 0 level. It also broke down uptrend line. Fisher Indicator reversed down.

RSI Indicator has been under resistance by great downtrend line. It could not reach this downtrend line in this mini uptrend.

So, we should be ready for another bearish wave on Bitcoin price chart. There is something huge coming on stock and crypto market. WW3 will effec more in April. WW3 will be more serious in next month. We should be ready April. It will be hard.

We will see..