Bitcoin price reversed down from the top level of ascending channel. Bitcoin price is in an ascending channel after touching 60K USD. It was going up slowly while breaking up the resistance. Finally It touched the top line of this channel. After touching the top line of this channel Bitcoin price reversed down from 83K to 79K.
Here you can see daily chart of Bitcoin price. Bitcoin price touched 200-day moving average at the same level. It is one of great resistance on Bitcoin price chart to enter bullish trend.
It may be hard to break up this great resistance in this trend. There is mini uptrend line on Bitcoin price chart after reversing down from the top level of this channel. We will follow how it will support Bitcoin price.
Here you can see the indicators on daily chart of Bitcoin price. There is uptrend line on Fisher Indicator. We will see breaking down this indicator until the end of this month.
There is same mini uptrend line on MACD Indicator. We will see the same scenario on this indicator.
There is mini uptrend line on RSI Indicator. We will see the same scenario on this indicator.
So, We will see big breaking down on Bitcoin price chart until the end of May.
''Sell in May, go away'' is coming soon. We should be careful.
We will see...