Bitcoin Weekly Chart UpdateLast week BTC bounce back from the 50% retracement area.
The candle closed bullish and also engulfed the red body of the previous week.
Currently the weekly chart having a Lower High within the context of an uptrend, watch for the trendline break to continue higher.
Weekly Resistance 1: 52920
Weekly Resistance 2: 59500
Weekly Resistance 3: 64850
Weekly Support 1: 39600
Weekly Support 2: 30000
Lineinthesand
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.