Bitcoin price is going up for 10 weeks. This week is the 9th week of green weekly candle on Bitcoin price chart. So, Bitcoin needs price correction. Even Bitcoin has red candle in 9th week in this series, It is not enough for correction...
Bitcoin delayed price correction. It may be not good. Price correction may be more red after these green candles. Price is so higher from moving averages. We are waiting for price correction..
Here you can see weekly chart of Bitcoin. I circled the trend of green candles. I shared lots of analysis for weekly Bitcoin price chart said we have not seen 9 weekly green candle since 2013..
I said lots of times that I am waiting for price correction for Bitcoin. December would be dump month for Bitcoin price but It is delayed..
January will be more dangerous for crypto investors..
Here you can see the indicators on Bitcoin price chart. I circled the fisher Indicator is going to sky. It will reverse in a few weeks. I would reverse this week but Bitcoin pumped..
RSI Indicator is also in overbought level. Bitcoin needs price correction!
Everybody is waiting for price correction but there is a question ''When?''
We are close to correction..
Posted Using InLeo Alpha
