Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite nice and obvious previous weekly resistance zone which was turned support at the $25,000 level.
You can also see that Bitcoin is now just creating a new higher swing high, confirming the overall bullish uptrend so I simply do expect some small correction after the recent pump but then some longer term continuation towards the upside.
On the daily timeframe you can see that after Bitcoin perfeclty broke out of the falling wedge formation we just had a rally of 15% towards the upside but considering the fact that Bitcoin is again retesting resistance I first do expect a drop before then another bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite nice and obvious previous weekly resistance zone which was turned support at the $25,000 level.
You can also see that Bitcoin is now just creating a new higher swing high, confirming the overall bullish uptrend so I simply do expect some small correction after the recent pump but then some longer term continuation towards the upside.
On the daily timeframe you can see that after Bitcoin perfeclty broke out of the falling wedge formation we just had a rally of 15% towards the upside but considering the fact that Bitcoin is again retesting resistance I first do expect a drop before then another bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
