Weekly Close on Bitcoin Price Chart Completed at the Best Level

Even we have seen market crash on crypto market in this month, Bitcoin price is trying to recover the loses. While we are getting closer to end of this month, market maker tried to complete last week at good level. Bitcoin price closed the week at the best level. It closed the week 8-week moving average which is one of major average for midterm.

Here you can see weeky chart of Bitcoin price. There is great bowl pattern on Bitcoin price chart. When we have seen market crash on crypto market, Bitcoin price touched this pattern to be supported.

Bitcoin price closed the week at 114K USD level. Monhtly close is coming soon and we should see monhtly close above 111K USD. I shared a few analysis about monhtly chart of Bitcoin price and I pointed this level.

Here you can see the indicators on weekly chart of Bitcoin price. You can see the importance of weekly chart. There is great downtrend line on RSI Indicator. There is also great support line on RSI Indicator. They will cross each other until end of January. We will see end of uptrend or we will see the begining of the new uptrend.

Fisher and MACD Indicators are still in correction. They should complete this period. After completing correction, we will see the decision on weekly Bitcoin price chart.

Even Bitcoin price closed the last week at the best level, we should see breaking up on RSI Indicators chart. Monthly close is so important for Bitcoin price chart. We should also follow it.

We will see...

Posted Using INLEO