BTCUSD Bitcoin Technical Projection for the Week

Bitcoin is still inside a Descending Triangle Pattern with its base at multi-support levels. A short bullish move last Friday shows optimism but a bearish trend is still in place due to the strong selling last 04/09 and 05/09.

Bullish Scenario with a target at 7431.1 and 8514
Bearish Scenario with targets at 5871.8, 5426.6, and 5133.0

Disclaimer: Technical Projections are not to be treated as financial advice but solely for educational purposes only.