Bitcoin (BTC/USD) - Trend, Resistance, Support - Weekly - 2021
Bitcoin (BTC/USD) has been in a weekly uptrend for the past five years (2016 to 2021).
BTC price is currently seeking to re-test previous all-time-high prices of $60,000 to $65,000.
Bullish scenario:
-Weekly uptrend continues, resistance levels are broken up above, higher-high is set.
-Resistance prices: $60000, $62670, $65000, $70000, $79604, $96068.
Bearish scenario:
-Weekly lower-high is set, price is rejected back down to previous support levels.
-Support prices: $46253, $37810, $31378, $25000, $20739, $12097.
Note: BTC chart is on logarithmic (log) scale.
BTC price is currently seeking to re-test previous all-time-high prices of $60,000 to $65,000.
Bullish scenario:
-Weekly uptrend continues, resistance levels are broken up above, higher-high is set.
-Resistance prices: $60000, $62670, $65000, $70000, $79604, $96068.
Bearish scenario:
-Weekly lower-high is set, price is rejected back down to previous support levels.
-Support prices: $46253, $37810, $31378, $25000, $20739, $12097.
Note: BTC chart is on logarithmic (log) scale.
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All posts are not financial advice.