Bitcoin - Bearish Signals From The Weekly Chart

The weekly timeframe keeps providing us bearish signals. The price is at SMA50 and this line acts as a resistance. The previous several candles tell us about buyers' strength. Small candles confirm that buyers don't have power for pushing the market higher. It's a typical pattern at a possible reversal zone. We should be ready to see the falling to the lower support levels and lines.

MACD lines and DMI give bullish signals and confirm the uptrend in the long run, but the correction movement becomes more realistic with every new week.

MACD histogram is going to support the downward movement. And again we have to focus on 4000.00-4200.00 support zone as the main target for the downward movement.