Curve resistance appeared on Bitcoin price chart after market dump. There was market dump on Bitcoin price chart in last week, Bitcoin price is trting to reverse up in this week. Even it tries to reverse up, it may be a bounce for market maker.
Here you can see daily chart of Bitcoin price. Bitcoin price resisted 3 times by downtrend lines coming from all time high. After testing to break up 3rd downtrend line, Bitcoin price pulled back fast and broke down great support line.
After this price dump, curve resistance appeared on Bitcoin price chart. It means we may see huge price dump in short time, but after this correction, it will be broken up..
Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is trying to reverse up. MACD Indicator is also trying to reverse up. We may see reject on reversing up. Because there is a curve resistance on Bitcoin price chart. We may see huge dumps.
There is also downtrend line on RSI Indicator. Bitcoin price is under resistance by this downtrend line.
So, Bitcoin price is moving as same scenario. There are bowl patterns on RSI Indicator. We may see the new one. After breaking up downtrend line on RSI Indicator, we will see another bullish trend on Bitcoin price chart.
We will see..
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