BTC:USD - Market Update.
Hello, traders and investors here’s another breakdown of BTC: USD on a weekly time-frame.
Starting it with a small recap, the previous weekly candle took us from the likes of $8000 all the way down to $4000. The market is currently moving in sync with our previous analysis, if you checked them you already know that we’ve been waiting for weeks for a retest of the $5000 level sitting just above the weekly trendline - and the market did just that.
Now, looking to this week’s candle we anticipated huge indecision between the bulls and the bears. Bitcoin has been in a rollercoaster between 4000 and 7000 levels.
A crucial level to keep an eye on during these times is the $6000 and the 6600 support turned resistance, even though we managed to break above these levels we did not manage to close, which would have been a significant bullish sign. BTC immediately retraced back below 6000 where it’s currently traded and that could mean that the bulls are not ready yet so another push lower to 4500 - 5000 is highly possible.
Starting it with a small recap, the previous weekly candle took us from the likes of $8000 all the way down to $4000. The market is currently moving in sync with our previous analysis, if you checked them you already know that we’ve been waiting for weeks for a retest of the $5000 level sitting just above the weekly trendline - and the market did just that.
Now, looking to this week’s candle we anticipated huge indecision between the bulls and the bears. Bitcoin has been in a rollercoaster between 4000 and 7000 levels.
A crucial level to keep an eye on during these times is the $6000 and the 6600 support turned resistance, even though we managed to break above these levels we did not manage to close, which would have been a significant bullish sign. BTC immediately retraced back below 6000 where it’s currently traded and that could mean that the bulls are not ready yet so another push lower to 4500 - 5000 is highly possible.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.