Bitcoin Price Should Respond to Continue Bullish Trend

Bitcoin price is in correction during a few days. I shared lots of analysis for this possible price correction. 66K is imporatant level for Bitcoin price and crypto market. If we see daily close below this level, we may see huge correction on crypto market.

Bitcoin shoudl stay above 66K to continue bullis trend. Bitcoin also should bullish respond to continue bullish trend.

Here you can see daily chart of Bitcoin. Bitcoin supported by the middle line of Bollinger Bands. Bitcoin price is on this middle line now.

I circled the similarities between last bullish move from 52K. We should see bullish respond in a few days.

Fisher Indicator is going down and trying to get ready to reverse. If it reverses, we may see reversing on MACD Indicator.

Here you can see weekly chart of Bitcoin. Fisher Indicator is on the top and getting ready to reverse. We should see green candle on weekly Bitcoin price chart to not to see reversing on this Indicator.

We can see what happened before reversing of weekly Fisher Indicator. Reversing is coming soon!

So, We will see price correction for middle time period on Bitcoin price chart. Keep Calm and wait.

We will see..

Posted Using InLeo Alpha