Bitcoin - Trendline, Support, Resistance - Weekly chart
Updated
Bitcoin (BTC/USD) has been in an uptrend for one year, and is currently seeking to create a higher-high pivot point in price action.
Bitcoin has been approximately 77% correlated with both QQQ and SPY (stock index etfs) price action for the past 30 days (mid January to February 2024).
BTC support price levels: $44000, $40000, $35000.
BTC resistance levels: $53000, $58000, $60000.
Bitcoin has been approximately 77% correlated with both QQQ and SPY (stock index etfs) price action for the past 30 days (mid January to February 2024).
BTC support price levels: $44000, $40000, $35000.
BTC resistance levels: $53000, $58000, $60000.
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