Bitcoin price is in an ascending channel. It is trying to not to break down this great ascending channel. Bitcoin price was below 8-week moving average during last week. It went up the last day of the last week and closed the week above 8-week moving average.
Here you can see weekly chart of Bitcoin price. Bitcoin pric estarted the new week with weekly green candle. It should close the week above 8-week moving average. I shared an analysis and pointed the importance of this moving average. It may be reason to reverse up If we see more weekly close above 8-week moving average.
Here you can see the indicators on weekly chart of Bitcoin price. MACD Indicator may reverse up If we see weekly green close in this week. Fisher Indicator is on the bottom and trying to reverse up.
Bitcoin price is under pressure by great downtrend line on RSI Indicator. There is mini support line on RSI Indicator. It should be above this mini support line.
So, we are in one of the most important week in 2026. Bitcoin price should get weekly green candle in this week. If it happens, Bitcoin price will be above 8-week movinga average in two successive weeks. If not, It is possible to see breaking down at ascending channel. WW3 will be updated in this week.
We will see..