Bitcoin Price Broke Down Support Line Coming From 76K USD

in Project HOPE5 days ago

Bitcoin price was in rising wedge pattern. It tested 5 times to break down mini uptrend line coming from 76K. Today It is broken down. Even it is broken down, we have not seen much volatility as predicted.

Here you can see daily chart of Bitcoin. After touching great support line at 76K, Bitcoin price went up without any price correction. Breaking down of miniuptrend line may be the reason of price correction on Bitcoin price chart.

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Here you can see the indicators on daily chart of Bitcoin. This is why I say that It may be the reason for price correction on Bitcoin price chart. There was great bowl pattern on RSI Indicator and It is broken down. It will draw the new pattern.
MACD Indicator was on the top and It reversed down. Fisher Indicator was also on the top and reversed down. These are the reasons that I am waiting price correction on Bitcoin price chart.

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Market maker always does fake moves. We may see another fake move. All of investors can see breaking down on mini uptrend line. Bitcoin price may retest this miniuptrend line after going up. It may be bullish trap for investors.

We will see...