Mini Head and Shoulders Pattern is on Bitcoin Price Chart

There is mini head and shoulders pattern on Bitcoin price chart. I shared lots of analysis about Bitcoin price chart and pointed the great resistance on Bitcoin price chart coming from all time high. Bitcoin price tried to break up this great resistance a few times but It could not.

Here you can see daily chart of Bitcoin price. Bitcoin price is touching this great resistance for a few days. It is going down slowly by touching this resistance. There is mini support line on Bitcoin price chart. It is the bottom line of mini head and shoulders pattern. Bitcoin price is close to break down this mini suport line. If it happens, Bitcoin price will go down to reach the target of mini head and shoulders pattern. There was great triple bottom pattern. The price target of this mini head and shoulders pattern is to touch this triple bottom pattern.

Here you can see the indicators on daily chart of Bitcoin price. There are lots of mini support lines on these major indicators. You can see what happened after broken down these mini support lines. I shared lots of analysis pointed these mini uptrend lines. This scenario is on. We may see market crash.

58K USD is great support level for Bitcoin price chart. We may see Bitcoin price touching this great support level. It should support Bitcoin price. We are close to see breaking down mini head and shoulders pattern. We may see this scenario in next week.

We will see..

Posted Using INLEO