Bitcoin Price is Under 100-Week Moving Average Resistance

Bitcoin price is under 100-week moving average even it seems to be getting power to break up 32K. It is one of great resistance 100-week moving average is waiting to resist Bitcoin price.

Some of Indicators also support this resistance to resist Bitcoin price. Here you can see weekly chart of Bitcoin and MACD and Fisher Indicators are reversing from the top. It may be time to be under pressure of this Indicators.

When we look at monthly chart of Bitcoin, These Indicators show us why I say Bitcoin price is under pressure of this Indicators. Here you can see monthly chart of Bitcoin and Indicator, There was pressure time after mini bullish season 2019. It took 6 month in montly chart.

We are on the top now and I may take a few months to complete this reversing from the top. So, 2023 may be picking up year before 2024 bullish season..

We may be at the beginning of mini downtrend season before big bullish season. So, I will wait to pick up to get ready for 2024. September may be good time to pick up..

We will see..

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