Bitcoin price will enter price correction in a few weeks. I shared a few posts about Bitcoin price chart and possible price correction coming soon. I was waiting price correction until Christmas. We are so close on this price correction.
Here you can see weekly chart of Bitcoin. Doji candles started to seem on weekly chart of Bitcoin. Bitcoin got 6 green weekly candles in last 7 weekly candles. We have seen this scanario in March. You can see the similarities on weekly candles in March and now. You can see what happened after these green candles. You can compare the colours and quantity of candles.
Here you can see the indicators on weekly chart of Bitcoin. MACD Indicator is at same level as 2021. Fisher Indicator is on the top and ready to reverse down!
Price is going up Even the top of RSI Indicator is getting lower. It means of negative divergence. So, This may be reason of price correction.
I hope Bitcoin price will not break down ascending channel during price correction. If it happens, we will see huge price correction on Bitcoin price chart!
I can say that I am sure about price correction on Bitcoin price chart. It is coming soon. I was waiting price correction until Christmas.
We are entering important weeks on crypto market. I think mega bullish season will not start at the beginning of 2025.
We will see...
Posted Using InLeo Alpha