Big Move Set up For BTC Price is Ready for Next Week

BTC prices have been moving in the narrow band for a long time. This has only been seen once this year. Big jams bring big bangs. I think the big bang will be next week. But no one is sure in which direction it will go...

Here is weekly chart of BTC. As can be seen in the chart, the Bitcoin price has only moved in a band of 15% for 3 weeks. As I said at the beginning of the post, it did it like this one more time and we saw what happened afterwards. BTC price moved from 28K to 67K.

Which way will it go?

Looking at the fundamentals, there does not appear to be a major problem in November and December. I don't think it will be a problem until the Fed raises interest rates.

By looking at the daily chart, we can predict what will happen next, which is very important.

MACD indicator is going to under Zero. It is important for BTC not to enter under Zero. BTC price may pump at the beginning of the next week to avoid falling...

We can see big attacks on Monday and Tuesday. If we don't see an uptrend, we can see a downtrend and drastic moves while falling.

I look forward to next week....

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