Bitcoin price is trying to stay above 8-week moving average which is important for trend. Bitcoin price closed last week below this moving average. It pumped this week and stood above 8-week average. Last week may be fake move.
Here you can see weekly chart of Bitcoin price. I circled the last fake move on weekly chart of Bitcoin. It may be same and Bitcoin price may continue to go up!
If it is a fake move, bitcoin will continue bullish trend. We may see ATH in this year.
When we look at the indicators on weekly Bitcoin price chart, MACD Indicators seem bearish. It is close to reverse down from the top. There is downtrend line on RSI Indicator and It may be broken up this week. If it is broken up this week we may see huge green candles on weekly chart of Bitcoin!
Fisher Indicator is also getting ready to reverse. These are bullish scenarios.
So, it is more possible to see bullish moves until halving of Bitcoin. We may enter price correction for a few months on Bitcoin price chart after halving.
We will see...