Bitcoin price got weekly green huge candle after 4 successive red weekly candles. We have seen 6 weekly successive red candles in this year. Bitcoin price was going to update this record but It closed the weekly green weekly huge candle.

Here you can see weekly chart of Bitcoin price. 200-week moving average supported Bitcoin price while it was going down from 80K to 59K. We have not seen weekly close below 200-week moving average. This is one of good signal. If we see weekly close below this average, Bitcoin price may get another bearish wave.

Here you can see the indicators on weekly chart of Bitcoin price. There is great downtrend line on RSI Indicator. MACD Indicator was close to reverse down. After Bitcoin price got weekly green candle, It may not reverse down.

Possitive divergence appeared on RSI Indicator. If we see more weekly green candles, we may see reversing up Bitcoin price from this level.

If we see mini bullish trend on Bitcoin price chart, we will focus the new pattern on Bitcoin price chart. There is possible head and shoulders pattern on Bitcoin price chart. We will focus this possible pattern in next weeks.

We may see mini bullish trend on Bitcoin price chart until 69K. After this level, It will be important the next move on Bitcoin price chart. We may see price correction after this level.

We will see..