BITCOIN Weekly Outlook - Extremely Bullish:
Bitcoin directs the price movement of all other cryptos, and here it is sitting on a critical demand zone.
It's retesting a significant weekly support level that lined up 61.8 Fibbonnci level, and wedge support line. Although I've been projecting the rally for past weeks, now seems to be the best time to get involved.
We'll want to see strong bullish candles break above the confirmation level indicated on the chart to confirm the end of correction.
This bullish development on Crypto is inline with a strong bullish bias on EURUSD and bearish on the Dollar index, which I will share the analysis later this weekend.
All the best.
Veejahbee
Bitcoin directs the price movement of all other cryptos, and here it is sitting on a critical demand zone.
It's retesting a significant weekly support level that lined up 61.8 Fibbonnci level, and wedge support line. Although I've been projecting the rally for past weeks, now seems to be the best time to get involved.
We'll want to see strong bullish candles break above the confirmation level indicated on the chart to confirm the end of correction.
This bullish development on Crypto is inline with a strong bullish bias on EURUSD and bearish on the Dollar index, which I will share the analysis later this weekend.
All the best.
Veejahbee
