Bitcoin price reversed down from 200-day moving average. I shared lots of anaylysis about Bitcoin price chart and pointed possible support level on Bitcoin price chart. 75K USD level is the first support level on Bitcoin price chart and It support Bitcoin price.
Here you can see weekly chart of Bitcoin price. Bitcoin price is in great ascending channel. If Bitcoin price breaks down 75K USD level, the bottom line of this great channel would be waiting for support. After touching 75K USD level, Bitcoin price reversed up 77K and closed the week. After this move, we have seen bullish candle dragonfly candle on Bitcoin price chart. Even we have see weekly red candle, It is good to see bullish candle. After this candle, Bitcoin price started the new week with green candle.
Here you can see the indicators on weekly chart of Bitcoin price. Fisher Indicator is on the top. It is close to reverse down. If we see weekly green candle in this week, it may reverse up again and continue to go up.
MACD Indicator is going up slowly. We need to see this indicator above 0 level.
There is great downtrend line on RSI Indicator. It is so possible to see reversing down after touching this downtrend line. Bitcoin price should go up to touch this great downtrend line.
Bitcoin price may go up following great ascending channel. We may see this scenario until RSI Indicator touched great downtrend line.
We will see..