Bitcoin Price is Trying to Break Down 100-Day Moving Average

Bitcoin price reversed down from 200-day moving average. After this reversing down 75K USD was the first support level for Bitcoin price. It could not support Bitcoin price and Bitcoin price broke down this support level.

Here you can see daily chart of Bitcoin price. After touching 200-day moving average, Bitcoin price is going down day by day. The middle line of great ascending channel could not support Bitcoin price. The bottom line of this ascending channel is trying to support Bitcoin price. But Bitcoin price broke down 100-day moving average. We may see daily huge candles on Bitcoin price If this trend continues.

Here you can see the indicators on daily chart of Bitcoin price. We have seen fake rreversing up on the Fisher Indicator. Fisher Indicator reversed down again and we may see the new bottom on this indicator.

MACD Indicator reversed down from the bottom. It can up reverse up again. It need a few days to complete correction.

There was mini uptrend line on RSI Indicator. It is broken down. This is why Bitcoin price going down. I shared a few analysis about this uptrend line. You can see the imporatance of this uptrend line.

Bitcoin price should not break down 72K USD level. If it breaks down, we will meet the new market crash.

We will see..