Bitcoin Price is Testing to Break Down Mini Ascending Channel

Bitcoin price can not go up after went down 59K. Bitcoin price went down quickly from 80K to 59K. After touching 59K, we have seen dead cat bounce. Bitcoin price went up 65K but It can not go up more. Bitcoin price stuck into mini ascending channel.

Here you can see daily chart of Bitcoin price. Bitcoin price touched the bottom line of this mini ascending channel. If it breaks down, we will see bearish wave on Bitcoin price chart. You can see what happened after breaking down great ascending channel on Bitcoin price chart.

Here you can see the indicators on daily chart of Bitcoin price.

Fisher Indicator is trying to reverse up from the middle line but Bitcoin price gets daily red candles. This is why it is hard to reverse up. MACD Indicator is going up slowly. It may continue to go up slowly If we dont see any huge daily red candle.

There was mini uptrend line on RSI Indicator as price chart. It is broken down. We may see breaking down on price chart.

So, possible price dump may be coming soon. We should be careful for this market crash. We have seen huge ascending channel in this year. This mini ascending channel may not take long time..

We will see..