Bitcoin Price is in 4th Weekly Green Candle

There was possible triple bottom pattern on Bitcoin price chart. Bitcoin price supported by great support line from 58K USD level. After touching the last time to this great support line, Bitcoin price got 3 weekly green candles. Bitcoin price is işn 4th weekly green candle in this week.

Here you can see weekly chart of Bitcoin price. Bitcoin price broke up mini downtrend line a few days ago. Even we have seen breaking up these resistance, we have not seen enough bullish move on Bitcoin price chart.

There was a bearish trap on Bitcoin price chart. Bitcoin price closed the week below 200-week moving average. Even we have seen weekly close below this great average, Bitcoin price reversed up and made weekly close above this average.

Here you can see the indicators on weekly chart of Bitcoin price. There is great resistance on RSI Indicator. We should see breaking up this indicator before entering bullish season. Fisher Indicator is on the bottom and it is trying to reverse up. MACD Indicator is also trying to reverse up. We may see a few weekly green candles on Bitcoin price chart. These weekly green candles series may continue.

69K USD level is the first major resistance for Bitcoin price chart. I will share my analysis about this possible resistance.

We will see..

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