BTC Weekly Chart
Looking at the BTC-USDT weekly chart on the logarithmic scale, we see that BTC is near critical support. Additionally, we are in the support region near fibo 0.5 from the starting bullish cycle around 3.5K. Another vital support is related to RSI, which is a significant and robust support region.
I know all information is negative and confirms another bearish trend regarding fundamental news. However, please do not forget this news has already applied to the market price, and their effects will be weaker as we move forward, like the china ban, Russia and Ukraine war, and most recently, we have an interest rate.
I know all information is negative and confirms another bearish trend regarding fundamental news. However, please do not forget this news has already applied to the market price, and their effects will be weaker as we move forward, like the china ban, Russia and Ukraine war, and most recently, we have an interest rate.
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