Long

📈Bitcoin weekly prediction, 40K or 32.5?📉

Updated

Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of FWB:39K-40K.

In this week, bitcoin price breaks the ascending channel (in yellow).
Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher.
But if the price loses the support, the level of 31,700 to 30,200 will be a strong support for Bitcoin in the bearish scenario.

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Note

Bitcoin is losing momentum. So, either the price goes up, or it starts testing lower levels. The FOMC meeting and other geopolitical factors could affect this week's forecast, and a target of 30,000 is possible.🐱‍👤✍

Note

After consolidating above the indicated level, Bitcoin went through a bullish scenario.
Wait for the next updates.
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CrazyS

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