Bitcoin Price Touched the Top Line of Bollinger Bands

in hive-175254 •  13 days ago 

After weekly close on Bitcoin price chart, it touched the top line of Bollinger Bands. I shared a few posts about Bollinger Bands on weekly chart. It shows midtrem trend. Bitcoin was trying to toucht the top line of Bollinger Bands for a few weeks and It happened. You can see what happened after touching the top line of Bollinger Bands in past. I showed the last first touch of this line. You can see Bitcoin price move..

Here you can see weekly chart of Bitcoin price. You can compare past and now. As I said, It is midtrem sign. You can see how Bitcoin price moved after touching the top line of Bollinger Bands..

We may enter bullish trend and we may see more green weekly candles on Bitcoin price chart.

e1.PNG

Here you can see the indicators on weekly chart of Bitcoin price. There are the similarities on indicators as price. I showed the date and similarities. MACD and Fisher Indicators are at the same level as end of 2023. We may see price move as end of 2023. You can see what happened and how many time Bullish trend took..

e2.PNG

I think Bullish trend will continue until February 2025. We should be careful after this date.

I will share possible crash scenario on 2025. We will see..

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13 days ago by

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      ·  13 days ago 

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        ·  13 days ago 

      Bitcoin is doing amazing things. STEEM is also doing well, it has made +22% in 7 days. I hope STEEM can return to 1$ in this bull run. What are your thoughts about STEEM?

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          ·  13 days ago 

        Thanks for sharing your opinion, I will be attentive to every analysis you make, because, we enter a very interesting trend.

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            ·  12 days ago 

          Interesting analysis! The alignment of Bitcoin with the top line of the Bollinger Bands could indeed signal a bullish trend ahead. Keeping an eye on those indicators—MACD and Fisher—could provide valuable insights. Thanks for sharing!

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