💎BTC: Weekly Candle Analysis 10-May-2021
Hello Dear Traders,
Today BTC Weekly candle closed bullish. On 3rd May weekly candle we experienced how bulls took the control over the market once btc price tested 50k area. bcoz of tht strong comeback we seen in 10th may weekly candle closing bullish.
On higher time frame btc has became again strong bullish, continuously institutions are buying huge amount of btc frm exchanges and pulling out to there private wallets. but one more concerning thing is btc is in accumulation form 1 month and trading in fix range. Sellers here area is so strong tht bears are not allowing btc to break 64k area. BTC Dominance is also declining and giving space to grow altcoins.
BTC must cross 64k area as soon as possible or we may see technical correction towards 50k area again.
Today BTC Weekly candle closed bullish. On 3rd May weekly candle we experienced how bulls took the control over the market once btc price tested 50k area. bcoz of tht strong comeback we seen in 10th may weekly candle closing bullish.
On higher time frame btc has became again strong bullish, continuously institutions are buying huge amount of btc frm exchanges and pulling out to there private wallets. but one more concerning thing is btc is in accumulation form 1 month and trading in fix range. Sellers here area is so strong tht bears are not allowing btc to break 64k area. BTC Dominance is also declining and giving space to grow altcoins.
BTC must cross 64k area as soon as possible or we may see technical correction towards 50k area again.
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