Bitcoin Price Touched Mini Uptrend Line to Break Down

Bitcoin price is trying to stay stable during Israel & Iran issues. Even most of markets are down after this news, Bitcoin price is trying to keep its level.

Here you can see daily chart of Bitcoin. There is mini uptrend line on Bitcoin price chart. It is tested before and It worked as a support. Today Bitcoin price touched this mini uptrend line. It is close to break down this uptrend line. It may be hard to support Bitcoin price when bad news are coming to market.

Here you can see the indicators on daily chart of Bitcoin price. I shared this draft a few weeks ago. There are bearish patterns on the indicator. There is downtrend line on Fisher Indicator. It will resist Bitcoin price until the end of July. There is bowl pattern on RSI Indicator. We may see touching the bottom of bowl pattern at the end of July. MACD Indicator is still going down. It should complete the correction.

So, most of major indicators seems bearish. We may see this trend until end of July. ''Sell in May, go away'' motto is in this year. Seller will come back in August.

So, I may be good to see the market from out. I will be out of market for a month. After the middle of July, I will focus the indicators if they complete the correction.

We will see..

Posted Using INLEO