Bitcoin Price Will Touch the Bottom Line to be Supported

Bitcoin price broke down the middle line of descending channel. I shared a post and sait It may be bearish trap breaking down of middle line of descending channel. I shared this draft a few months ago! It show clearly what will happen!

Here you can see daily chart of Bitcoin. I warned lots of times you to be ready for bullish traps. It will 4th touch of the bottom line of descending channel. It is great support line for Bitcoin price chart. I dont think that Bitcoin will break down this support line..

Here you can see the indicator of daily chart of Bitcoin. There is great downtrend line on RSI Indicator. It is under pressure of this resistance. Even It is under pressure, Bitcoin price may move below this resistance. There areFisher and MACD Indicator below this chart and they are on the bottom. They are close to reverse. This is the proof of moving area of Bitcoin. So, Bitcoin price may go up in a few days after supported by the bottom line of descending channel!

Lots of altcoin are at the bottom level. They can not go down even Bitcoin price goes down. These are the signals of being on the bottom for crypto market.

So, Bitcoin may not break down this bottom line. If it breaks, It will be a bearish trap.

We will see..

Posted Using InLeo Alpha