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BTC: Weekly Chart Update

119
Quick update on the BTC weekly chart.

Bullish scenario: Weekly closes above 25K. If support holds, expect a bounce up. Heavy resistance at 31K.

Bearish scenario: Weekly closes below 25K. Next major support level around 22K.
Note
$25,000 weekly support has held. I'm expecting a test of the $31,000 resistance level in the coming weeks.
LA_Designer
Trend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trend Analysis
LA_Designer

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.