There was possible mini double top pattern on Bitcoin price chart. Bitcoin price reversed down after this pattern. There was uptrend line on Bitcoin price chart and Bitcoin price broke down this mini uptrend line. After breaking down this uptrend line, Bitcoin price supported by horizontal support line.
Here you can see daily chart of Bitcoin price. Horizontal support line is at 82K USD level. Bitcoin price is trying to stay above this support line. If Bitcoin price breaks down this support line, head and shoulders pattern will be on the table and we will focus this pattern. If not, there is no problem on Bitcoin price chart. Bitcoin price is still in bullish trend.
Here you can see the indicators on daily chart of Bitcoin price. There was uptrend line on RSI Indicator. It is broken down. There was uptrend line on MACD. It is broken down. MACD also reversed down from the top. It may go down 0 level.
Fisher Indicator also reversed down.
These major indicator can show us possible price correction. We need time to see end of this correction.
82K USD level is important for Bitcoin price chart. If it is broken down, we will see bearish wave on Bitcoin and crypto market. If it happens, we will focus possible head and shoulders pattern on Bitcoin price chart.
We will see..