Bitcoin Weekly Outlook

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Best bitcoin weekly performance since the 12th Feb helped by an impressive short squeeze, sets sights on a retest of the 200DMA and 50% fib retrace of entire range.
This weekly chart also highlighting the power of slopes. In particular this long-term schiff pitchfork . The median line has provided support on the February collapse and the most recent 3 weeks. So in line with the 200DMA, the 25% line of this pitchfork also comes in at around ~$9800.
As we do approach key levels keep on eye on the daily RSI . Typically in a bear market the 60 level should hold, and has in fact held since the top in december:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out