Bitcoin Price Closed the Week Above Great Resistances

Last week was one of the best week. Bitcoin price closed the week above great resistance. Bitcoin price went up more than 20%. We have not seen bullish weeks in last years.

Here you can see weekly chart of Bitcoin price. There was 200-week moving average. Even Bitcoin price closed the week below this average, Bitcoin price pumped. It was only a bearish trap. Market marker always makes fake moves. We have seen the last one and biggest one. After closing the week below 200-week moving average, we were waiting for market crash. bu we met with bullish move.

Here you can see the indicators on weekly chart of Bitcoin price. There is great resistance on RSI Indicator. It is too early to say that Bitcoin price entered bullish season. We should see breaking up this resistance. After breaking up this great resistance, Bitcoin price will enter bullish season.

MACD Indicator is below 0 level. It is trying to reverse up and go above 0 level. Fisher Indicator is close to the top. It will reverse up if we see weekly red candle.

RSI Indicator may touch this great resistance and reverse down. We should follow this resistance.

It was good to see weekly close above 75K USD level. RSI Indicator is close to this resistance. If we see weak weekly green candle, It will touch this resistance.

We will see..