📈Bitcoin weekly prediction, 40K or 32K?📉
BTCUSDT BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of 39K-40K.
- This week, the price of Bitcoin is in a stabilization trend and has lost its upward momentum at the level of 38 thousand dollars. (in yellow).
- The Bitcoin Dominance chart is in a 5-day time frame, and according to the formed pattern, it is expected to decrease to the specified area. On the other side, Dominance Tether (Weekly TF) has hit an important support line, and the probability of its upside has increased.
- All in all, in my opinion, until the price of Bitcoin falls below the support of the yellow line, there is a possibility that it will rise to test the level of $40,000. But if the price loses the red support line, then the $32,000 area will be a strong support for Bitcoin in a bearish scenario.
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