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Bitcoin Price Reversed Down and Supported by Last Resistance by chorock

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· @chorock ·
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Bitcoin Price Reversed Down and Supported by Last Resistance
Bitcoin price reversed before touching 99K USD resistance. It went down and touched the last resistance It broke. It may be retest or not. If not, Bitcoin price will break down mini uptrend line. 
I shared an analysis about Bitcoin price chart and said It was close to break down mini uptrend line. Today It is tested again and We will see what will happen if it is broken down in next week.

Here you can see daily chart of Bitcoin. The price is at critical level. It is both miniuptrend line and support line level. 


![e1.PNG](https://files.peakd.com/file/peakd-hive/chorock/23tGVGCuCvNERfYBmm9H6Eaapj6XMw7NuRrrb6eUkrvEoUdvVD8iTFNMYhaA1FeyFfEB9.PNG)

Here you can see the indicators on daily chart of Bitcoin. Fisher Indicator reversed from the top. MACD Indicator is close to reverse down. We may see the reversing down on MACD Indicator in next week. If it happens, we will see the breaking down on miniuptrend line.

It may be the reason of price correction after price pump from 76K to 96K. Bitcoin price went up without any correction.

![e2.PNG](https://files.peakd.com/file/peakd-hive/chorock/23t797SryUCD7p62N8dUBfHWKotMg6KoQf6bComMAKbSRjfQ8GsnXErnj1EY4p9yrN1aL.PNG)

So, Bitcoin price is moving as ho I analyzed. ''Sell in May, go away'' may be coming soon. We will see it in next week. Next week is so important. We will see the size of price correction on Bitcoin price chart.

We will see..


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created2025-05-04 18:11:36
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