Weekly outlook for Bitcoin
So here is my weekly outlook for Bitcoin. As you can see Bitcoin has some decent buying pressure coming from the lower blue box (Liquidity Zone), So the most likely scenario from here is at least some upside, The $41,000 range will offer some resistance on the lower time frames, assuming we break that my upper blue box will be my target area to watch which also lines up with the 0.5 and 0.618 Fibonacci retracements. As for the Bearish scenario, a weekly closure below $32,500. (also the 55 EMA) will send Bitcoin down to lower targets. First stop would be the 25k area and then potentially lower.
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