Bitcoin Broke up Great Resistance in Weekly Chart

Bitcoin price is under the resistance of downtrend line coming from 108K. This is 13th week that Bitcoin price is under this downtrend line. It is started to appear to be broken up. Even it started to appear, we have not seen huge price moves on Bitcoin price chart.

Here you can see weekly chart of Bitcoin. The decision of price pump or dump was coming soon. We did need only a few weeks to see breaking up or down. We are at the first day of week and the week started with green candle. If we see green days following beginning, Bitcoin price will break up great resistance.

Here you can see the indicators on weekly chart of Bitcoin. All of major indicators seems on the bottom.

There is great support line on RSI Indicator. It support RSI Indicator. RSI Indicator is close to this support line. RSI Indicator has huge potential.

MACD Indicator is close to complete the correction. This is 2nd week that MACD Indicators started to increase.

Fisher Indicator is also on the bottom and trying to make a decision to go up.

So, we may see price reversing on Bitcoin price chart after breaking up the great resistance. But the hype of reversing is not too much yet. We need much hype but the market conditions is not giving permission.

We will see..