Bitcoin Price Touched 100-Day Moving Average for 2nd Time

Bitcoin Price is trying to enter mini bullish trend Even it is in an ascending channel. There was great downtrend line on Bitcoin price chart and It is broken up. Even it is broken up we have not seen price pump on Bitcoin price chart. Because there are lots of resistance on Bitcoin price chart.

Here you can see daily chart of Bitcoin price. The middle line of this channel is another great resistance for Bitcoin price chart. There is also a horizontal resistance on this chart. Bitcoin price should up these resistances to enter bullish trend.

Today Bitcoin price is resisted by 100-day moving average. We may see reversing down after touching this resistance.

Here you can see the indicators on daily chart of Bitcoin price. With today situation, It is so hard to break up these resistance. Fisher Indicator is on the top. RSI Indicator touched great resistance. MACD Indicator may break down mini uptrend line. These are signal of possible next price drop on Bitcoin price.

It is so possible to reverse down from this level. If we see reverse down on Bitcoin price, These indicators will break up uptrend lines and Bitcoin price will enter another bearish trend.

We may see the new updates on WW3 and It may effect Bitcoin and stock market prices.

We should be careful for this possibility.

We will see..

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