Bitcoin Price is Close to Reverse Down After Touching Great Resistance

Bitcoin price is going up slowly while being in an ascending channel. Bitcoin price stuck into ascending channel after touching 60K. It is going up slowly while being in this channel.

Here you can see the indicators on daily chart of Bitcoin price. There was great resistance on Bitcoin price chart and It touched this great resistance after daily close yesterday. We may see price drop pn Bitcoin price chart after touching this resistance.

There are uptrend lines on MACD Indicators. You can see what happened after breaking down this MACD Indicator. We may see the same scenario If we see daily red candles.

There is also mini uptrend line on RSI Indicator. It is broken down, we may see another market crash.

Here you can see weekly chart of Bitcoin price. Bitcoin price is in 3rd week with green candle. It is good to see these weekly green candles series during bearish season.

If we see weekly red candle, These indicators will reverse down and Bitcoin price may enter another beairsh trend. It may be the reason for possible breaking down on ascending channel.

Bitcoin price touched one of the most important resistance. We may see reversing down after touching this resistance. Bitcoin price should be solid but possible downtrend is coming soon..

We will see...

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