Green Week is on Bitcoin Price Chart After 3 Red Weeks

This is the green week on Bitcoin price chart, it passed with 3 weekly red candles. I shared a few analysis about Bitcoin price chart about possible price correction. After touching all time high, Bitcoin price got 3 red weekly candles.

Here you can see weekly chart of Bitcoin price. There is great support bowl pattern is following Bitcoin price chart. Bitcoin price is only 10% up from this support line. If we see market crash in this month, we are close to great support line and there is no fear. It can be said that we are close to the bottom.

After getting a weekly green candle, Bitcoin price may continue to get weekly red candles. It is possible to see touching this great bowl pattern again.

Here you can see the indicators on weekly chart of Bitcoin price. Fisher Indicator reversed from the top. MACD Indicator reversed from the top. This is why Bitcoin price can not go up. We need time to see complete price correction on Bitcoin price chart. It may take a few weeks. You can see what happened after reversing down from the top on these major indicators.

RSI Indicators is trying to reverse up. I am following this indicator. Because there is great downtrend line on RSI Indicator. When it breaks up, Bitcoin price will enter mega bullish season.

So, price correction and consolidation may continue in this month. We need a few weeks to complete correction.

We will see..