Bitcoin First Reversal Signals on the Weekly Chart

Despite the fact that our momentum strategies and trend line still show short, a week passed and closed with a pin bar, which can be regarded as the first signal of the end of the downtrend that began in the summer of 2019. Possible zone of the next accumulation is 6600-7800.

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Comment:

There is still no breakouts of bearish trendline. Bullish scenario is above 8500.