4 Successive Weekly Green Candles are on Bitcoin Price Chart

Bitcoin price chart has 4 successive weekly green candles. It is one of the longest green candles series. We have seen same green candles serie before touching 80K USD. After this green candles series, we have met with weekly green huge red candle at the beginning.

Here you can see weekly chart of Bitcoin price. This week started with weekly green candle. Bitcoin price is trying to stay above 200-week moving average. It is so important average for long term. Even we have seen weekly close below this average, market maker closed the next weeks above this average to make a bearish trap.

Here you can see the indicators on weekly chart of Bitcoin price. Fisher Indicator is on the bottom and reversed up after with 4 weekly green candles. MACD Indicator is below 0 level. It is trying to reverse up. There is downtrend line on RSI Indicator. We should see breaking up this resistance to enter bullish season.

So, Even we have seen 4 successive green weekly candle, Bitcoin price is still in bearish season. We need to see more weekly huge green candles to reverse the trend.

We will see...