Since the Weekly MACD is cooling down and eventually reversing in the next weeks don’t be surprised with more Bullish price action, even if we have some resistances to break before pushing above 10k.

Weekly BTC

I’m still waiting to see 7K tested (something between 6.8k and 7.4k to be more accurate), nevertheless breaking the 12H 50SMA (yellow) may prevent another low. As example let’s compare what BTC did when it found support near 3K.

Categories: Analysis