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Bitcoin Price May Touch 25-Week Moving Average - Some Bullish Signals by chorock

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· @chorock ·
$12.43
Bitcoin Price May Touch 25-Week Moving Average - Some Bullish Signals
Bitcoin Price is close to 25-Week moving Average which is support line for Bitcoin we have seen before. After going down from 31500 USD to 25K, we started to see some bullish signals on Bitcoin price chart. Even it is still bearish, it is nice to see bullish signals..

Here you can weekly chart of Bitcoin. I indicated with red and green arrows how reacted Bitcoin price after touching 25-week moving average. 

![Ekran Resmi 2023-06-11 21.20.47.png](https://files.peakd.com/file/peakd-hive/chorock/23swgE7VAPKcQHAUQM44BFuZizhRybcodrtozrZha6dsUTWLvbgj1Ew1cv4A5EBhRfmpU.png)

Bitcoin price is on bearish trend during 8 weeks. Some bullish reversing seems on Indicators.

Here you can see Fisher Indicator on weekly chart of Bitcoin. You can see the level of Fisher Indicator and what happened when this level before..


![Ekran Resmi 2023-06-11 21.29.39.png](https://files.peakd.com/file/peakd-hive/chorock/23swftyhMn9qAft7jTY3CvmCEjXSs9fbm8m5g1dDdQJzBi9oSP96Jxdwx2qCpXHfGMw8w.png)

When we combine both analyzes, Bitcoin price may be supported on 25-week moving average. This average will be at 25200 USD level in next week.

We will see..

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