Bitcoin Price Broke Down the Second Bearish Flag Pattern

Bitcoin price is in second bearish flag pattern. There was big flag pattern coming from all time high and It was broken down a few days ago. You can remember what happened after breaking down this pattern. Bitcoin price went down from 97K to 60K in a few days.

Here you can see daily chart of Bitcoin price. Bitcoin price is the second bearish flag pattern. It is broken down. We have not seen huge moves on Bitcoin price chart but we may see huge moves in a few days. I drew the same breaking down on the last bearish flag pattern. You can see what happened after breaking down this pattern. There was mini uptrend line on Bitcoin price chart and Bitcoin price tried to draw upward wedge pattern. We may see another upward wedge pattern on Bitcoin price chart. If not, we will see huge price moves on Bitcoin price chart in a few days.

Here you can see the indicators on daily chart of Bitcoin price. RSI Indicator broke up downtrend line but we did not see any bullish moves on Bitcoin price chart. MACD Indicator is trying to reverse up. Fisher Indicator is going up. But price is still stable.

It is possible to see another bearish attack on Bitcoin price hcart after breaking down mini bearish flag pattern. Bitcoin price can not go up. If it can not go up, It will go down.

There is no reason to see bullish trend on crypto market. We may see price dump again.

We will see..