Bitcoin Price Reversed Down Again Even It Retested Mini Downtrend Line

There was mini downtrend line on Bitcoin price chart coming from 80K. After breaking up this mini downtrend line, Bitcoin price retested this resistance as a support. After supported by this mini downtrend line, Bitcoin price went up with daily huge green candles. We have seen these candles for a few days but Bitcoin price reversed down again.

Here you can see daily chart of Bitcoin price. Bitcoin price reversed down even there was no great resistance. We may see another touch this mini downtrend line to be supported. There is also great support line on Bitcoin price chart. 58K USD level is possible triple bottom pattern level.

Here you can see the indicators on daily chart of Bitcoin price. There were mini uptrend lines on MACD Indicator. You can see what happened after breaking down this mini uptrend lines. We may see the same scenario.

Fisher Indicator is on the top. Even it was trying to reverse up from the top. It could not. We may see reverse down again on Fisher Indicator. There is mini uptrend line on RSI Indicator. We are at safe zone while this indicator is above mini uptrend lines. You can see what happened after breaking down these mini uptrend lines.

58K USD level is great support level for Bitcoin price. It should not be broken down.

We will see..