There are 4 red weekly candles price chart. There are 6 red weekly candles in last 7 weeks. Bitcoin entered price correction after touching all time high. Halving supported price correction again and this is 4th week of red candles..
Lots of crypto investors are waiting for altcoin season. It may be early. We are entering critical weeks for Bitcoin price. Bitcoin will make a decision to stop for going down or reversing..
Here you can see weekly chart of Bitcoin. There is support line coming from 25K where bullish season started from. Bitcoin price may test this zone in this year. If big players sell in may and go away, we may see this scenario..
When we look at the indicators of Bitcoin price, we can see how much importance of this week and next week. MACD Indicator is close to reverse. If it reverses we will enter midterm bearish season. Fisher Indicator also reversed from the top and it is proof of price correction..
The middle line of Bollinger Band is great support for Bitcoin price. If we see negative scenario on Bitcoin price, this line will be important. In negative scenario, MACD Indicator will reverse and we will enter midterm bearish season...
The middle line of Bollinger Band is also close to supoort line coming from 25K.
We will see how it will support..
Sell in May go away sentence is important. We saw this sentence last year.
May may be the month of entrance of mini bearish season.
We will see...
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