Bitcoin Price Broke Down Mini Uptrend Line After All Time High

There was mini uptrend line on Bitcoin price chart coming from 109K USD. It followed Bitcoin price ans Bitcoin price went up in short time and reached all time high level. After touching all time high level, Bitcoin price broke down this mini uptrend line.

Here you can see 4-hour chart of Bitcoin price. I shared lots of analysis about great resistance on Bitcoin price chart. It seems as blue line. After breaking up this great resistance, I said Bitcoin price may reverse down again to be supported by this great resistance as a support. After breaking down the mini uptrend line, Bitcoin price may reverse down to touch this great resistance to be supported..

Here you can see daily chart of Bitcoin price. There is great downtrend line on RSI Indicator. It may be hard to break up this great downtrend line. It may be early. Fisher Indicator reversed down from the top. MACD Indicator is trying to get ready to reverse down. If they reverse down together, we will see another mini downtrend on Bitcoin price chart. So, RSI Indicator will not be broken up in this try.

I shared also weekly chart of Bitcoin and pointed possible price correction for midterm. Daily chart of Bitcoin supports my thesis.

So, we should be careful. Bitcoin price is close to all time high. Bitcoin price is up %800 from the bottom of last bearish season. It may be possible to see price corrections on crypto market Even lots of altcoins are close to the lowest level.

We will see..