It is very important week for Bitcoin. It got big green candle in weekly chart. Bitcoin price broke up downtrend line in this week. If not, Bitcoin price would enter midterm price correction. It would take a few months. After getting big green weekly candle, Bitcoin price may continute bull run and we may see all time high in next week. We should see all time high in next week.
Here you can see weekly chart of Bitcoin. After getting 3 red candles in last 4 week, Bitcoin price got big green weekly candle and went up 10%. Next week will be also important as this week.
Here you can see the indicator on weekly chart of Bitcoin. Fisher Indicator reversed from the top. MACD Indicator was close to reversing from the top. After getting big weekly green candle, It did not reverse and may continue for bull run. If Bitcoin price gets red candle in next week, MACD Indicator may reverse down. This is why next week is so important. You can see what happaned in April 2024 when MACD Indicator reversed down.
High volatility and manipulation are on the market. We should be careful.
We should follow tecnical analysis. News are filled by manipulation.
We will see..
I prefer long periods graphics, usually the year view is my preferred, unless you for some crazy reason trade BTC instead of investing long term...
It's a very different view, doesn't it? 😉