11/09/23 Weekly outlook
Updated
Last weeks high: $26451.2
Last weeks low: $25896.7
Midpoint: $25342.2
For the previous few weeks we have seen a very similar price action pattern. Hugging the midpoint of the previous week with a midweek swing t create the high and low.
This week could continue the pattern. However, I think the Solana FTX fears could have an effect on Bitcoin, when usually it's the other way around and Bitcoin has a knock on effect with alts.
For me we're still on track to retrace to yearly open before the run up to the halving and the bullrun.
26k --> 19k --> 60k
Last weeks low: $25896.7
Midpoint: $25342.2
For the previous few weeks we have seen a very similar price action pattern. Hugging the midpoint of the previous week with a midweek swing t create the high and low.
This week could continue the pattern. However, I think the Solana FTX fears could have an effect on Bitcoin, when usually it's the other way around and Bitcoin has a knock on effect with alts.
For me we're still on track to retrace to yearly open before the run up to the halving and the bullrun.
26k --> 19k --> 60k
Comment
very bearish start to the week, Fully expect a retest of 24,200 unless previous weekly low is reclaimed.
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