It is hard to predict Bitcoin price chart nowadays. Volatility is so high. Even Bitcoin price chart seemed bullish, It is possible to see price dump on Bitcoin price chart. Weekly Bitcoin price chart started to seem bearish.
Here you can see weekly chart of Bitcoin. Bitcoin price chart got red candles after 2 green candles in weekly chart. Bitcoin did not make a price correction even price went up from 60K to 108K. We have only seen 2 red weekly candles series in this period. We may see long red candles series on weekly chart.
Here you can see the indicators on weekly chart of Bitcoin. MACD Indicator is on the top. It is close to reverse down. Fisher Indicator is also in correction. It is going down. If MACD Indicator reverses down, It will be the proof of correction on MACD Indicator. You can see what happened before when MACD Indicator reversed down.
If MACD Indicator enters correction, It will take lont time to complete. You can see how many weeks it took when it entered correction.
Next week will be so important for Bitcoin price chart. If we see huge red weekly candle on Bitcoin price chart, we may enter mid-term price correction.
We will see..
Posted Using INLEO
