BTC WEEKLY ANALYSIS
BTC / USD
BTC yesterday printed the strongest bearish candle since last MAY but this not the end let’s see how
Bullish Side :
Price now around 50W MA and trendline support of 2021 bullrun .. if price able to hold these support + reclaim 53k at least by candle closure we may able to test 60k and even ATH again
Also ETH is still strong (ETH is indicator for many alts)
Worst scenario :
If 50W MA lost by weekly close and BTC try to dip again it’s very possible we will test 32k-28k the first strong support .. and even around 20k is possible (200 W MA)
So Next few days are very important to observe how the market will react ..
don’t forget to like this idea and share what do you think in comments section below
BTC yesterday printed the strongest bearish candle since last MAY but this not the end let’s see how
Bullish Side :
Price now around 50W MA and trendline support of 2021 bullrun .. if price able to hold these support + reclaim 53k at least by candle closure we may able to test 60k and even ATH again
Also ETH is still strong (ETH is indicator for many alts)
Worst scenario :
If 50W MA lost by weekly close and BTC try to dip again it’s very possible we will test 32k-28k the first strong support .. and even around 20k is possible (200 W MA)
So Next few days are very important to observe how the market will react ..
don’t forget to like this idea and share what do you think in comments section below
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