This is 4th week after Bitcoin price got 3 successive red weekly candles. We have seen 4 successive red weekly candles series on Bitcoin price chart this year. It may be the last red week on Bitcoin price chart.
Here you can see weekly chart of Bitcoin. There are two, 4 successive red weekly candles series. We have seen this series during price corrections. Bitcoin price is in price correction. It need time to complete price correction. So, it is possible to see red candle in this week. There is great support line on Bitcoin price chart. I hope Bitcoin will complete price correction without breaking down this upport line.
Here you can see the indicators on Bitcoin price chart. MACD Indicator reversed down from the top. We have seen same sceario while getting 4 successive red weekly candles. But there is great negative divergence on weekly chartt of Bitcoin. We may see huge price correction on Bitcoin price chart if this divergence works...
Except negative divergence on weekly chart of Bitcoin, Weekly chart of Bitcoin seems good. All of indicators are close to reverse to good levels. But we should be careful for this negative divergence on Bitcoin price chart.
We will see how great support on Bitcoin price chart will support the price. If negative divergence works and break down this great supoort line, we may see huge price drops on crypto market.
We will see..
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