Bitcoin price is still going down. There is great support line coming from 2023. Bitcoin price is still in great bowl pattern. It may be touch this support line to be supported. Because there is no major support on Bitcoin price chart until 70K.
Even Bitcoin price is down 30% from the top, it is still in bullish trend. 70K USD is so important for Bitcoin price chart. If Bitcoin price breaks down this great support line, we may see huge market crash. All pf altcoins are close to the bottom, we may see all time low level even Bitcoin price is at 6xK USD where was all time high at last bullish season.
Here you can see daily chart of Bitcoin. There are downtrend lines on the indicators. If Bitcoin price reversed in a few days without huge red daily candle, We will see positive divergence on RSI Indicator. When we see positive divergence on RSI Indicator, MACD Indicator may break up downtrend line.
After MACD Indicators breaks up, we may see breaking up on RSI Indicator. These will be the trigger for each other. This is reversing scenario for Bitcoin price chart.
We may follow Fisher Indicator for the time. It will go down to the bottom and It will reverse from there. It may be the trigger of price reversing..
I think Bitcoin price will reverse up until end of March or the beginning of April. But pain is increasing. No pain, no gain.
We will see..