Bitcoin Price Resisted by Great Resistance Coming from All Time High

There was great resistance on Bitcoin price chart coming from all time high level. It resisted Bitcoin price many times. After breakin up this resistance, It started to support Bitcoin price. After touching all time high level, Bitcoin price reversed down and broke down this support line. It is still great resistance for Bitcoin price chart.

Here you can see daily chart of Bitcoin price. Yesterday, crypto market got good news and all of cryptos went up more than 5%. Even Bitcoin price went up, this great resistance resisted Bitcoin price again. Bitcoin price can not go up due to this resistance.

Here you can see the indicators on daily chart of Bitcoin price. There are lots of bowl patterns on RSI Indicator. After touching this bowl pattern, Bitcoin price and crypto market reversed up. This is why Bitcoin price supported while going down.

Fisher and MACD Indicators are on the bottom and ready to reverse up. So, we may see uptrend on Bitcoin price chart. We should follow to see breaking up this great resistance. After breaking up this resistance, Bitcoin price will relax.

When we look at long term chart of Bitcoin price, We can see Bitcoin price is up 10-15% from the top. It can be said that Bitcoin price is close to the bottom.

It may be still great time to pick up.

We will see..