There was mini uptrend line on Bitcoin price chart that supported Bitcoin price while going up from 60K to 86K. I shared a few analysis this mini uptrend line pointed possible breaking down this uptrend line. We were waiting for price correction on Bitcoin price chart and This breaking down may be the reason of this price correction.
Here you can see daily chart of Bitcoin price. There is mini double top pattern on Bitcoin price chart. I shared an analysis this double top pattern yesterday. After this double top pattern, Bitcoin price reversed down and got successive daily red candles. Bitcoin price broke down mini uptrend line.
Here you can see the indicators on daily chart of Bitcoin price. There is also uptrend line on RSI Indicator. It is broken down after Bitcoin price reversed down. It will be the reason of price correction on Bitcoin price chart. MACD Indicator also reversed down from the top. Fisher Indicator reversed down from the top.
These are the reasons of price correction on Bitcoin price chart.
We will see price correction on Bitcoin price chart. RSI Indicator can show us possible price correction. Mini bullish trend ended on Bitcoin price chart. We should be careful for price correction.
We will see...