There was mini uptrend line on Bitcoin price chart, I shared a few analysis about this support line. Bitcoin price was between great resistance and this mini uptrend line. I said It might be possible to see breaking down on mini uptrend line and It happened.
There was Solar Eclipse yesterday and I warned you about this date. Bitcoin broke down support line in this important astrological date. Market maker always makes huge volatility on Solar Eclipse. This is why Bitcoin price went down. Lots of altcoins are down more than 10% thanks to Solar Eclipse.
Here you can see daily chart of Bitcoin price. I shared these drafts a few days ago. RSI Indicator stuck between great resistance and support line and It broke down mini uptrend line.
Fisher Indicator has reversed down from the top. It is still in correction.
There is only one major indicator that has not turned bearish. MACD Indicator has not reversed down yet. When it reverses down, we may see the continue of bearish trend on Bitcoin price chart.
Even Bitcoin price went down 3%, lots of altcoins are down more than 10%. If Bitcoin price enters bearish trend, I can not imagine the prices of altcoins. They will be close to zero.
We will see..