Bitcoin price may touch 100-day average which worked as resistance before.. It is on 17900 USD level that may be resistance for Bitcoin price. 

So, you should be very careful and see price action until hitting 100-day moving average. We may see huge moves on chart.

![Ekran Resmi 20230111 21.14.04.png](https://images.hive.blog/DQmZ1t7nuN6DFdA2bB3pB9o6oyuUFe53P4Viwd8YtPMyejH/Ekran%20Resmi%202023-01-11%2021.14.04.png)

100-day moving average worked as resistance in 2022. If Bitcoin price breaks up this resistance and stays above, we can say that bearish season ended..

Here you can see daily chart of Bitcoin and Fisher Indicator. Fisher Indicator is on the top and will reverse in a few days. So, after hitting 100-day moving average we may see price correction.

![Ekran Resmi 20230111 21.19.31.png](https://images.hive.blog/DQmVau2CFVnmXaAfNGGuw6JxMpjMWSvekiiTfAYUKjxnvtR/Ekran%20Resmi%202023-01-11%2021.19.31.png)

Here you can see weekly chart of Bitcoin and downtrend may be ended. There is downtrend of Fisher Indicator and it may be broken up this week.

![Ekran Resmi 20230111 21.22.53.png](https://images.hive.blog/DQmfWpLkKrRTHnAwav9aPD3jbeDVXWB6JxhK5epq9m6XQkt/Ekran%20Resmi%202023-01-11%2021.22.53.png)

So, dont be scared by FUDs. Time to pick up...

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