Bitcoin Price Reversed Down to Touch Suport Lines

Bitcoin price was trying to test all time high yesterday. After updates on Israel & Iran War, Bitcoin price reveresed down and went down fast. I shared a few analysis and said I was waiting for price correction on Bitcoin price chart for midterm. Even lots of crypto influencers and investors are trying to make hype, I was waiting for price correction and This move is the proof of price correction.

Here you can see daily chart of Bitcoin. After breaking down mini uptrend channel, Bitcoin price did not go down. It needs to go down to complete correction to get healhy for midterm.

Here you can see the indicators on daily chart of Bitcoin orice. There is great bowl pattern in RSI Indicator as before. We may see the bottom of this bowl pattern at the end of July. This is why I am waiting for price correction on Bitcoin price chart for midterm. We are in correction of RSI Indicator. I may take a month to complete..

There is also downtrend line on Fisher Indicator. It will be broken up at the end of July.

92K and 80K are the possible great support levels for Bitcoin price chart. When RSI Indicator touches the bottom of the bowl of RSI Indicator, we may see touching on one of these support levels.

We will see..