Bitcoin (BTC) Long-term & Mid-term Analysis
Bitcoin (BTC) Long-term & Mid-term Analysis
As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish.
However Daily is starting to change of behavior because when BTC corrected from 58k to 50k, open interest rose up.
On a weekly basis, if 45k breaks, the 38k ~ 32k range test would be highly probable.
But until then Bitcoin could create a very boring range now and just frustrate people.
As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish.
However Daily is starting to change of behavior because when BTC corrected from 58k to 50k, open interest rose up.
On a weekly basis, if 45k breaks, the 38k ~ 32k range test would be highly probable.
But until then Bitcoin could create a very boring range now and just frustrate people.
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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.
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.