Weekly Chart of Bitcoin Seemed Very Bullish After Bearish Trap

There was a bearish trap on Bitcoin price chart. ı shared a few post about this bearish trap. When Bitcoin moved from 48K to 38K, lots of investors lost their crypto because of fear. It may be great time to pick up crypto when Bitcoin was at 38K. Halving is coming. It may be great time to pick before altcoin season.

Here you can see weekly chart of Bitcoin. There was uptrend line on Bitcoin price chart and when Bitcoin went down to 38K, Bitcoin broke down this trend line. MACD Indicator also seemed close to reverse from the top.

These were only for trap. Bitcoin price went up more than 10% this week. Fisher indicator is close to reverse. MACD Indicator went up before reversing. That means, bullish trend will continue..

We will see price correction after halving. This bullish trend may continue until halving.
Here you can see monthly chart og Bitcoin. This is 6th month of green candles. It is record for Bitcoin. We have never seen 7 green candles on Bitcoin price chart. March may be red if we close this week green candle.

Price correction may wait halving. 48K USD great resistance for Bitcoin. It may touch and go down again.

We will see..

Posted Using InLeo Alpha