Hello Traders and Investors, my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
With Bitcoin retesting weekly support and looking at the overall (still) bullish picture, I do expect another weekly rejection away towards the upside.
But the daily timeframe is not bullish yet so I am waiting for a couple more daily candles and a bullish reversal before a daily rally could be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!