Bitcoin's weekly candle closed recently with this details:
Open price : 43,172$
Close price : 48,233$
High : 49,300$
Low : 40,750$
From the point of view of Candle sticks pattern this candle is a strong Engulf candle which can be a bullish sign that correction phase is over and Trend is reversing.
Personally I bought Altcoins when BTC was around 41,000$ and I expect to climb without a fanatical look, I expect to see a breakout of upper resistance Trend Line in this weekly candle or next weekly candle.
After this breakout and according to my previous analyzes on BTC I expect 58K-61K for upcoming 3 weeks and even a new ATH this year which I will talk about that after conquest of 60,000$.
Thanks for your attention, I hope that this analysis can be useful for you.
Follow me for more analyzes and constant weekly BTC analysis.
Good Luck
Open price : 43,172$
Close price : 48,233$
High : 49,300$
Low : 40,750$
From the point of view of Candle sticks pattern this candle is a strong Engulf candle which can be a bullish sign that correction phase is over and Trend is reversing.
Personally I bought Altcoins when BTC was around 41,000$ and I expect to climb without a fanatical look, I expect to see a breakout of upper resistance Trend Line in this weekly candle or next weekly candle.
After this breakout and according to my previous analyzes on BTC I expect 58K-61K for upcoming 3 weeks and even a new ATH this year which I will talk about that after conquest of 60,000$.
Thanks for your attention, I hope that this analysis can be useful for you.
Follow me for more analyzes and constant weekly BTC analysis.
Good Luck
