Bitcoin weekly chart turned into bullish, next target may be 45k

2021년 7월 26일

#BTC (weekly update)
Technical analysis:
Hello everyone, welcome to this quick update:-

For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well but its bear trapped, btc bounce nicely after the closed and btc again above the 50 WMA which is reversal sign.

So far bull Looking Good & Bitcoin was bounced from 30k Horizontal Support Area as well as trendline support.

RSI break the its downtrend as well as it bounce from support line

If Bitcoin Bulls is not break the 41k Daily resistance, Next Stop could be 34k and then 30k see it again

If Bitcoin Bulls is Clear the 41k then next stop will be 45k which is 21 WMA

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2021년 10월 4일

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