Bitcoin Price is on Great Support Line Before Market Crash

There was mini uptrend line on Bitcoin price chart. Bitcoin price broke down this mini uptrend line coming from 58K USD. Even it is broken down a few days ago, we have seen market crash with daily huge red candles.

Here you can see daily chart of Bitcoin price. Bitcoin price broke down this mini uptrend line a few days ago. It is trying to reverse up again. But there is no signal that show us possible reversing up on Bitcoin price chart. Bitcoin price is at corner of the cliff. We may see falling down from the corner of the cliff.

Here you can see the indicators on daily chart of Bitcoin price. There are mini uptrend lines on RSI Indicator. There is also great resistance on RSI Indicator. After touching this resistance, RSI Indicator reversed down and touched this mini uptrend line. We will see market crash after breaking down this mini uptrend line. Even Bitcoin price broke down mini uptrend line, we are waiting to breaking down this mini uptrend line on RSI Indicator.

There are also mini uptrend lines on MACD Indicator. It will reverse down if we see breaking down mini uptrend line on RSI Indicator. You can see what happened these mini uptrend lines broken down.

I shared a few analysis and said I was waiting market crash until the beginning of August. We may see this scenario.

We will see..