Bitcoin Price Resisted by 100-Day Moving Average

100-Day moving average is great trend level for Bitcoin price chart. It supported Bitcoin price while Bitcoin price going up from 70K to all time high. Bitcoin broke down this moving average a few days ago. After breaking down this average, Bitcoin price reversed up again. It touched this moving average again and resisted.

Here you can see daily chart of Bitcoin price. I circled the similarites of past moves. You can see how 100-day moving average has importance. There is 200-day moving average following Bitcoin price. Bitcoin price may stuck between these averages for a few days.

Here you can see the indicators on daily chart of Bitcoin price. There was great bowl pattern on RSI Indicator and It is broken down. We should see the new pattern on RSI Indicator. There is downtrend line on MACD Indicator. It should be broken up in a few days. If not, we will see another downtrend wave on Bitcoin price chart.

It is good to see that Fisher Indicator reversed up from the bottom. We may see going up on Fisher Indicator.

It will be hard to break up 100-day moving average. It may be a retest for Bitcoin price chart. We may see another bearish wave on Bitcoin price chart. We should be careful. Even we may see another bearish wave, it may be great chance pick up.

We will see..