There was mini downtrend line on Bitcoin price chart. 86K USD is great resistance on Bitcoin price chart. It is tested two times. Double top pattern appeared on Bitcoin price chart. After touching this resistance in last time, Bitcoin price entered price correction and went down slowly and supported by 81,5K USD level.
Here you can see daily chart of Bitcoin price. There was downtrend line on Bitcoin price chart coming from 86K USD. I shared an analysis about this downtrend line. It is broken up yesterday. After breaking up this resistance, Bitcoin price tried to go up fast. We have seen daily green candles on Bitcoin price chart. It was going to touch 86K USD level. Even it was going down, we have seen daily huge red candle on Bitcoin price chart and Bitcoin price broke down 81,5K USD level. This is bullish trap.
Lots of investors believed that Bitcoin price will test again 86K USD level. Bitcoin price was going up slowly. Lots of investors were for 86K USD. I always say that market maker always makes fake moves and It happened. Bullish trap appeared on Bitcoin price chart.
Here you can see the indicators on daily chart of Bitcoin price. There is great downtrend line on RSI Indicator. It will be greater. We should not wait to see breaking up 86K USD level before breaking up this great resistance on RSI Indicator. Even Fisher Indicator reversed up from bottom, MACD Indicator is close to reverse up, these major indicators situations are not enough for Bitcoin price chart to reverse up.
Bitcoin price should be supported by 81,5K USD level. If not, we will see daily huge red candles.
We will see..