While Bitcoin was negative for two weeks, it was able to end last week's weekly candle positive.
As we have seen in recent weeks, the $ 41,000 support area has been able to show good support.
Bitcoin is currently in a triangle. The line above the triangle is the mid-term downtrend line.
Given that the volumes in this area have shrunk and where it is in a downward trend, it can be said that bears and sellers are tired of selling their assets. If Bitcoin can break this downward trend line with good strength and volume, it can see the prices of 45800, 48500 and 52000. If the 52,000 resistance breaks, it can be said that a new uptrend has begun. In this upward trend, the prices of 86,000 and 115,000 are not far away.
As we have seen in recent weeks, the $ 41,000 support area has been able to show good support.
Bitcoin is currently in a triangle. The line above the triangle is the mid-term downtrend line.
Given that the volumes in this area have shrunk and where it is in a downward trend, it can be said that bears and sellers are tired of selling their assets. If Bitcoin can break this downward trend line with good strength and volume, it can see the prices of 45800, 48500 and 52000. If the 52,000 resistance breaks, it can be said that a new uptrend has begun. In this upward trend, the prices of 86,000 and 115,000 are not far away.
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It finally happened
It finally happened
Bitcoin's mid-term downtrend line was broken
Long positions activated
It finally happened
Bitcoin's mid-term downtrend line was broken
Long positions activated