Bitcoin Price Reversed Down to Break Down Mini Support Line

There was a possible bearish flag pattern on Bitcoin price chart. Bitcoin price broke up the top line of this possible bearish flag pattern. Even it is broken up, Bitcoin price reversed down from 67K USD level.

Here you can see daily chart of Bitcoin price. Bitcoin price touched again the bottom line of this possible flag pattern. The target of this possible flag pattern is to touch 47K USD. If we see breaking down the bottom level of this flag pattern, Bitcoin price will go down fast to reach the target of this possible flag pattern.

Here you can see the indicators on daily chart of Bitcoin price. There was great downtrend line on R RSI Indicator and It is broken up. Even it is broken up, we have not seen enough bullish move on Bitcoin price chart.

There was mini uptrend line on RSI Indicator and It is broken down. We may see bearish wave on Bitcoin price chart.

Fisher Indicator reversed down from the top. MACD Indicator is trying to reverse up below 0 level.

It may be a bullish trap on Bitcoin price chart. Even Bitcoin price appeared as broke up the top level of possible bearish flag pattern, we can not see enough bullish moves.

We may see bearish wave after breaking down the bottom line of this possible bearish flag pattern.

We will see..