Bitcoin price went up fast from 60K to 80K. After this price pump, Bitcoin price got red doji candle on the top. It is the signal for possible reversing down. Doji candles show us possible reversing down. Bitcoin price may not break up 80K USD in this bullish attack.
Here you can see weekly chart of Bitcoin price. After Bitcoin price got weekly huge green candle, doji candle appeared. We may see another weak weekly candle on Bitcoin price chart in this week. There was possible mini bullish flag pattern. I shared an analysis about this pattern. Bitcoin price broke down this mini bullish flag pattern.
Here you can see the indicators on weekly chart of Bitcoin price. There is great resistance on RSI Indicator. It is so hard to break up. Bitcoin should break up this resistance on RSI Indicator to say that It entered bullish season. Fisher Indicator is close to the top. It will reverse down in a few weeks.
So, Bitcoin may not break up the resistance on RSI Indicator in this year. We need to wait for a few weeks.
Even Bitcoin price got huge weekly green candle, It got weak doji candle. We need to see price correction.
We will see..
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