Bitcoin Price is 4th Red Weekly Candle

This is 4th week Bitcoin price is in weekly red candle. We have seen same scenario after touching all time high level. Bitcoin price is going down from 97K with weekly red candles.

Here you can see weekly chart of Bitcoin price. There is great bearish flag pattern. I shared lots of analysis about Bitcoin price chart and pointed this possible bearish flag pattern. You can see what happened after breaking down the bottom level of this pattern. Bitcoin price is going down to touch the target of this pattern.

Here you can see the indicators on weekly chart of Bitcoin price. There was great support level on RSI Indicator and it is broken down. There was great downtrend line on RSI Indicator and It resisted. You can see what happed after the last touch to this great resistance.

MACD Indicator is trying to reverse up from the bottom. Fisher Indicator is also close to the bottom.

So, We may see consolidation after market crash. Bitcoin price is in 4th weekly red candle. We may see a few green weekly candles after this week.

It may be small bullish trend or consolidation. After completing this consolidation, Bitcoin price may continue downtrend.

We will see..