Bitcoin price touched 59K again. This is 3rd time that Bitcoin price touched 60-59K level. There was great ascending channel on Bitcoin price chart in this year. After breaking down this channel, Bitcoin price touched 59K. After completing great ascending channel pattern, Bitcoin price was in mini ascending channel. It is broken down a few days ago. After breaking down this mini ascending channel, Bitcoin price touched again 59K USD level.
Here you can see daily chart of Bitcoin price. Bitcoin price touched 59-60K USD level for 3 times. After touching this level, Bitcoin price tried to reverse up. If we dont see reversing up Bitcoin price chart, we will meet the new market crash to the target of these ascending channels.
Here you can see the indicators on daily chart of Bitcoin price. There was mini uptrend line on RSI Indicator and It is broken down. This is why Bitcoin price broke down the bottom line of mini ascending channel.
MACD Indicator is below 0 level. If we see reversing down from this level, we will enter the new bearish wave with market crash.
Fisher Indicator is going down. It may reverse up after reaching the bottom level. It needs a few days.
So, we should be careful for possible market crash. If Bitcoin price breaks down 59K with huge daily red candles, cryto market will meet the new market crash. We may see all time low levels again.
We will see..
