Bitcoin Price Started the New Bearish Wave

Bitcoin price touched 200-day moving average a few days ago. I shared lots of analysis about Bitcoin price chart and said It was very hard to break up this great resistance for first time. Bitcoin price reversed down from this average.

Here you can see daily chart of Bitcoin price. Bitcoin price broke down second bullish trend line. 75K is great support level for Bitcoin price chart. It was a support level. After broken down, It worked as a resistance. If It supports Bitcoin price from this level, we can say that Bitcoin price restested from this level.

Here you can see the indicators on daily chart of Bitcoin price. There was mini uptrend line on RSI Indicator and It is broken down. MACD Indicator reversed from the top. These are major bearish signals for Bitcoin price chart.

Fisher Indicator is going down. We may see more daily red candles on Bitcoin price chart. We willm focus on weekly chart of Bitcoin price chart to analyse midterm.

75K USD level is important for Bitcoin price chart. If it breaks down, Bitcoin price will try to break down the bottom line of descending chanel.

We should be careful.

We will see...