Bitcoin Price Closed the Week Close the top of Last High Level
Bitcoin price closed the week close to the top of the week. Even we have see huge weekly candle on Bitcoin price chart, we can not see higher high pattern on Bitcoin price chart. There is still lower high pattern on Bitcoin price chart.
Here you can see weekly chart of Bitcoin price. This is 4th week that Bitcoin price is trying to break up 82,5K USD level. It is so important level for Bitcoin price chart. This week is so important to see if Bitcoin price breaks up 82,5K USD level.
Here you can see the indicators on weekly chart of Bitcoin price. There was great downtrend line on RSI Indicator. After getting daily huge candle, RSI Indicator appears as broke up this great resistance. We should be careful. Market maker always makes fake moves. We may see the new fake move.
Fisher Indicator is on the top and It may reverse down If we see weekly red candles. MACD Indicator is also close to the top and It may reverse down.
We should be careful in this week. We should see weekly close above 82,5K USD level. Bitcoin price should make higher high pattern. If not, we will see price correction on Bitcoin price chart.
We will see.
Posted Using INLEO
😳 that's really amazing, good work
The closing price being close to the last recorded high is a good indication of buyers coming into the market prior to the bell. The remaining question is whether we will experience rejection at the level of resistance that we just reached or consolidate before taking off!