We have seen weekly green candle on Bitcoin price in last week. It is 5th weekly green candle in last 6 weeks. We have seen great weekly green candle serie on Bitcoin price chart. Even there is a red weekly red candle in this serie, It is only a weak red candle.
Here you can see weekly chart of Bitcoin price. Bitcoin price is still in an ascending channel. It touched the top level of this channel. It is possible to see price correction after touching the top level of this channel. Because the top level of this channel is great resistance for Bitcoin price.
Here you can see weekly chart of Bitcoin price. Fisher Indicator is going up after reversed up from the bottom. It will reach the top level in a few weeks. MACD Indicator reversed up from the bottom.
There is great resistance on RSI Indicator. RSI Indicator should break up this downtrend line.
100-week moving average is at 88K USD level. You can see the importance of this level. You can see what happened after broke up and down this great resistance. Bitcoin price may follow this ascending channel and touch this average and reverse down.
We will see reversing down in this month. We need a few weeks to reverse down. 100-week moving average will be great resistance for Bitcoin price.
We will see...