5th Weekly Red Candle is on Bitcoin Price Chart

This is 5th week Bitcoin price got red candles. It was hard to see these red candles series.We have seen these weekly red candles series in 2022. You can see what happened after these weekly red candles series.

Here you can see weekly chart of Bitcoin price. When Bitcoin price gets these weekly red candles series, Bitcoin price broke down 100-week moving average. This year Bitcoin price broke down 100-week moving average after got 5 weekly red candles. 200-week moving average is waiting Bitcoin price to support.

Here you can see the indicators on weekly chart of Bitcoin price. There is great resistance on RSI Indicator. We will see the resistance of this downtrend line in this year. It is very hard to break up this resistance.

MACD and Fisher Indicators are trying to reverse up. They need a feww weeks to reverse up.

Bitcoin price entered bearish season. This is why we see these red weekly candles series. We need to see weekly green candles on Bitcoin price chart to make reversing up analysis.

2026 Q1 will be very hard for Bitcoin price.

We will see...

Posted Using INLEO