Today Bitcoin price is trying to break up 67K USD. We have seen weekly close below 8-week moving average in last 5 weeks for Bitcoin price. This is 6th week and Bitcoin price went above 8-week moving average..
8-week moving average is important level to confirm midterm trend. Bitcoin price is at good level If it closes the week in this level.
Here you can see weekly chart of Bitcoin. I drew the weeks Bitcoin price went above 8-week moving average. You can see what happened after going up this level. Bitcoin price entered bullish trends after breaking up 8-week moving average..
25K to 44K, 38K to 74K were the bullish trends of Bitcoin after going up 8-week moving average..
Here you can see 3-day chart of Bitcoin price. It seems very bullish. You can see Fisher Indicator below. It is trying to reverse from the bottom. MACD Indicator is also trying to reverse from the bottom. If Both of them reverses, Bitcoin price will enter bullish trend.
These are very bullish views on Bitcoin price chart. Even these are very bullish view, there are lots of bearish views on Bitcoin price chart for price correction.
We will see what will happen on Bitcoin price chart...