There are 5 successive weekly red candles on Bitcoin price chart. We have seen 6 sucessive weekly red candle serie at the beginning of this year. This the second longest weekly red candle serie in this year. Bitcoin price went uo fast from 60K to 86K, it may be reason of weekly red candles serie..

Here you can see weekly chart of Bitcoin price. Even we saw 3 successive weekly green candles, Bitcoin price entered price correction. Even we have seen 5 successive weekly red candles on Bitcoin price chart, Bitcoin price is still solid. There is great support level at 75K USD level.

There is also possible head and shoulders pattern on Bitcoin price chart. If we see right shoulder on Bitcoin price chart, we should be careful. It is bearish pattern.

Here you can see the indicators on weekly chart of Bitcoin price. Fisher Indicator reversed down from the top. MACD Indicator is close to reverse down. There was great downtrend line on RSI Indicator. Even it seems as broken up, it reversed down again and It is still under this resistance. We will follow this great resistance on RSI Indicator. Market maker always makes fake moves. It may be one of them.

After 5 successive weekly red candle, it is so possible to see weekly green candle. We may be at the end of this red candles serie.