Bitcoin price got -4% weekly red candle in last week. Bitcoin price can not break up 82K USD level where is the last high level. It should be broken up to enter bullish season. But Bitcoin price can not break up this level.
Here you can see weekly chart of Bitcoin price. Bitcoin price got huge weekly red candle after doji candle. Weak candles on weekly chart of Bitcoin price appeared. It may be the signal for reversing down. Bitcoin price should break up 82K level in short time. If not, we will see price correction on Bitcoin price chart.
Here you can see weekly chart of Bitcoin price. When we look at the major indicators, we can see why Bitcoin price can not go up.
Fisher Indicator is on the top and ready to reverse down. There is great resistance on RSI Indicator. This downtrend line is coming from 2 years ago. MACD Indicator is below 0 level.
RSI Indicator should break great resistance. Bitcoin price is under pressure by this great resistance.
So, we may see weak candles on Bitcoin price chart in a few weeks. Bitcoin price should make a price correction. There are great resistances on major indicator. It is so possible to see correction.
We will see..
Posted Using INLEO
