BTC WEEKLY ANALYSIS

BTC / USD

BTC yesterday printed the strongest bearish candle since last MAY but this not the end let’s see how


Bullish Side :
Price now around 50W MA and trendline support of 2021 bullrun .. if price able to hold these support + reclaim 53k at least by candle closure we may able to test 60k and even ATH again
Also ETH is still strong (ETH is indicator for many alts)


Worst scenario :
If 50W MA lost by weekly close and BTC try to dip again it’s very possible we will test 32k-28k the first strong support .. and even around 20k is possible (200 W MA)

So Next few days are very important to observe how the market will react ..

don’t forget to like this idea and share what do you think in comments section below