Bitcoin Price Entered Safe Bearish Level

Bitcoin price went up after touching 57K to 66K. Bitcoin price entered safe bearish level. Here you can see daily chart of Bitcoin. Bitcoin broke up the middle line of downtrend channel and entered safe bearish level. The up zone of this channel is safe even Bitcoin price is under downtrend. The down zone of this channel has max pain. You can remember what happened altcoin when Bitcoin price touched 57K.

Even Bitcoin price broke up the red downtrend line, There is new downtrend line in green. Bitcoin broke up red line after tocuhing 3 times to red line, I think we will have more time to break up green downtrend line.

Here you can see weekly chart of Bitcoin. This is why I say I was waiting long time for price correction on Bitcoin price chart. There is bowl pattern is on RSI Indicator. I shared this pattern a few weeks ago and I worked again. It worked as support line. Even Bitcoin went down to 57K, I went up to close above this pattern. This is why this pattern is important.

Fisher Indicator is also trying to reverse from the bottom.

Even Bitcoin price is trying to reverse, It will break down weekly pattern on RSI Indicator. That will be the reason big correction on Bitcoin price chart.

We will see..