This is 5th week that Bitcoin couldn't break up the resistance where is at 100-week moving average at 32K USD.
During 5 weeks, Bitcoin tried to get power to for next bullrun. So, Bitcoin may be ready to continue bullrun. Power must be gathered..
Here you can see weekly chart of Bitcoin and 100-week moving average worked as support and resistance before. It is 5th week it worked as resistance and couldn't be broken up...
Bitcoin might need time to get power to break up resistance..
Here you can see daily chart of Bitcoin. The top of RSI Indicator is going down but the top of the price is going up.. Even It seems negative divergence, we always see this pattern on bullrun.
You can see MACD Indicator and It is getting ready for bullrun. It may reverse next week and we may see the next step on the chart to 32K USD...
I circled the the same moves on MACD Indicator and We are at same level as before..
I think next week will be the bull week. We may see high volume on market and high moves on Bitcoin to break 32K USD..
We will see..
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