Bitcoin weekly chart seems btc still in bullish in long term!!
Technical Analysis: Bitcoin (Weekly chart)
In weekly time frame, btc could not sustain on all time Hight breakout and seems rejection. btc make an ascending tringle and its playout very well, btc now down at lower support and try to rebuild another leg upside and RSI also making bearish Divergence which playout right now as well as retested the pervious trend line !!
if btc weekly closed above the both MA's( 21 and 50 MA) and regain psycho level 50k the it will ready to next upside move around 70 to 80k and it could fail to regain from here then only hope is 28k level to save bull market otherwise we will enter the multiyear bear market, so hope for the best but prepper for the Worst!!
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#bitcoin #crypto #nextmove #bearmarket #sideways #btcusdt #weeklyclosed
In weekly time frame, btc could not sustain on all time Hight breakout and seems rejection. btc make an ascending tringle and its playout very well, btc now down at lower support and try to rebuild another leg upside and RSI also making bearish Divergence which playout right now as well as retested the pervious trend line !!
if btc weekly closed above the both MA's( 21 and 50 MA) and regain psycho level 50k the it will ready to next upside move around 70 to 80k and it could fail to regain from here then only hope is 28k level to save bull market otherwise we will enter the multiyear bear market, so hope for the best but prepper for the Worst!!
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bearmarket #sideways #btcusdt #weeklyclosed
