Bitcoin Price Retested Downtrend Today

Even Bitcoin price went up from 66 K to 69K today, It was only a retest of downtrend. Bitcoin broke down uptrend line a few days ago and entered downtrend again. It made lots of bullish traps before breaking down uptrendline and trapped lots of investors who were waiting to see all time high.

Here you can see daily chart of Bitcoin which I shared a few days ago. I drew this draft a few days ago and It worked very well. There was downtrend line on Bitcoin price chart and Bitcoin restested and touched today there and It worked as resistance.

Restest completed and Bitcoin is ready to go down.

Here you can see the indicators of daily Bitcoin price chart. All of investors are looking to down. Bitcoin price may drop very fast..

It is very difficult to share bullish analysis for Bitcoin price nowadays. I said I would be out of market to see breaking down. It happened. Today I am waiting for more price drop on Bitcoin price chart. 63K is the first price target of Bitcoin price.

It may be great time to pick up altcoins. I will start to buy altcoins.

We will see..

Posted Using InLeo Alpha