It's looking for Bitcoin to hit support. A close below the 21 weekly or the support trend line is unlikely. It's unlikely that Bitcoin closes above ATH on the weekly chart. Though it could quickly touch there I would not expect it to last. Also some if the market were to become very fearful a retest of 10K could be possible. Though it's unlikely that weekly closes below 11k regardless. Basically midweek make sure your seat belt is secure and you seat is in the upright position...
For educational purposes only not financial advice.
For educational purposes only not financial advice.
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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.