Bitcoin price is on critical support level which show us the trend of price. Bitcoin price is on 8-week moving average and trying to close weekly price on this level. It is breaks down and closes above this level, uptrend may reverse. It is so possible to see this move.
Here you can see weekly Bitcoin price and Bollinger Bands. When Bitcoin price breaks down 8-week moving average, price goes down and the middle line of Bollinger Band is the first support.
If Bitcoin price breaks down 8-week moving average this week, we may hit the middle line of Bollinger Band in weekly chart. 39K USD is possible to see..
We will make the next price analysis after hitting the middle line of Bollinger Bands. Here you can see the indicators of weekly Bitcoin price chart. If we see a red candle on weekly price chart, MACD Indicator will reverse. I circled the fisher Indicator and you can see what happened before. Bitcoin may enter price correction for 3-4 months. We may see price correction until Summer..
It may be last week to chance crypto to cash. I will be out of crypto market in next week. I will watch the market..
We will see...