Next week is important for Bitcoin price chart. I shared an analysis and said I was waiting for big price correction on Bitcoin price chart. I don't know the level of correction target but I am sure that we will see price correction.
Here you can see daily chart of Bitcoin. Bitcoin is trying to be above 8-day moving average. It is important for shorterm. When Bitcoin price was going up at 38K, Bitcoin tried to be above this average not to destroy the trend. So, Bitcoin should save its level to be above this average in next week!
But price correction is coming soon!
Here you can see the indicators on Bitcoin price chart. Fisher Indicators is on the top. It is possible to see reversing on this indicators in next week.
MACD Indicator is also at top level. We have not seen this level even we saw 2021. So, I dont wait to increase on MACD Indicator after these days. It should enter correction! It should reverse. It shpudl get a big red candle to enter correction..
If these happen, we will see price correction on Bitcoin price chart and Bitcoin price may go down 8-day moving average..
As I said, It is so possible to see price correction on Bitcoin price chart in next week. Even Bitcoin price lost volatility at weekend, we may see huge volatility in next week.
We will see..
Posted Using InLeo Alpha
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