Bitcoin Price Can not Break up Mini Downtrend Line

There are both mini uptrend and downtrend lines on Bitcoin price chart. I shared a few analysis about this downtrend and uptrend lines. We would see crossing of these lines. It happened. Even it happened yesterday, we have not seen huge price moves. Bitcoin price tried to break up downtrend line but It could not.

Here you can see daily chart of Bitcoin price. Even we have seen bearish trap on Bitcoin price chart after breaking down mini uptrend line, Bitcoin price reversed up fast and continued to go up to stay above mini uptrend line. But price met with mini downtrend line.

Here you can see the indicators on daily chart of Bitcoin price. This is why I am waiting to see breaking down on miniptrend line on Bitcoin price chart. Fisher Indicator reversed down from the top. It may be the trigger for MACD Indicators reversing down. If we see reversing down on MACD Indicator Bitcoin price will enter mini downtrend.

There are bowl patterns on RSI Indicator. This indicator is in consolidation channel. We should see depression move to touch the bottom as before. I am waiting for this move. It may happen at the end of this month.

We have seen same scenario on Bitcoin price chart. While we are looking past, we can see what may happen on Bitcoin price chart.

We will see..