Bitcoin Price will Try Again to Break Down Ascending Channel

There is great ascending channel on Bitcoin price chart. I shared lots of analysis about this ascending channel and I said I was waiting price drop on Bitcoin price chart after breaking down this channel. Bitcoin price touched the bottom level of this channel in last week. After touching the bottom of this channel, Bitcoin price got daily green candles. Even it tried to reverse up, it went down while going up the middle line of this channel.

Here you can see daily chart of Bitcoin price. After getting daily huge red candle, Bitcoin price touched the bottom level this ascending channel. If we see more daily red candle we will see the confirmation of breaking down this ascending channel.

Here you can see the indicators on daily chart of Bitcoin price. Even fisher Indicator reversed up from the bottom, it can not go up. If we see daily red candles, this fisher indicator will reverse down again.

We have seen breaking down on uptrend line on RSI Indicator. We may see the result of this breaking down. Bitcoin price may go up after breaking down this uptrend line.

So, Bitcoin price can not go up. If Bitcoin price can not go up, It may go down. There is a problem that resist Bitcoin price. The problem is WW3. It will effect more stock and crypto markets.

We will see..