Bitcoin-Expected trends for the coming week(February 24-March 1)

We expect to see changes around February 24 (23-25), so we'll publish in advance the expected trend for next week.
Since the description is published in advance, there are prerequisites.
The precondition is that today's closing price must be created above point 9617.

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During the week, BTC moved between 9260.5 and 10311.
Expect to keep prices between 10K and 10300 this week, but with support near the 9617 point, I saw it swinging up and down.
With this move, most of the Altcoins have been out of overheating due to many downward adjustments.

The coming week (February 24-March 1) is expected to be an important week deciding on the rise due to bitcoin half-life.

The reason for this is the COVID-19, which is sweeping the world, and the announcement of regulations and tax policy on crypto assets to be announced in the US in March.


I think the downtrend line is the most important.


We expect to see completely different results depending on whether you fall below this downward trend line or gain support above the trend line.

If the price falls below the downtrend line, I would expect to receive support at 9080, the first support point, and 8625, the second support point.

If this is the case, the bull market's biggest point is 17K and it is expected to rise to 13K.


If we are supported on the downtrend line, the bull market's largest point is 24K and we expect a stable up to 17K.

However, we believe the extent of the rise will vary depending on how the BTC surpasses the 11K level, either up or down.

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In the rise of BTC, the MACD and RSI indicators shown on the chart should be checked as follows.
You need to check if the MACD can get out of the downtrend.
It is also important to check whether the RSI can rise with support from the downtrend.

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You don't know how things will change in the future, so you need to be cautious in trading.