BitcoinAlış
BTC/USD - Weekly Overview
Over the past week, Bitcoin has formed a rising channel pattern, indicating that positive momentum is building up. After consolidating between the price range of 18K-22K, the price level had a positive breakout above the resistance level of 
23K and sustained it as well.
The positive crossover of MA-10 against MA-20 is another bullish signal currently present. However, the price level sustainability above MA-10 looks vulnerable.
The RSI level also sustains well above 50, indicating that bulls are in a stronger position.
The MACD level is also hovering above the histogram while forming green bars. However, it looks vulnerable to a bearish crossover on a shorter timeframe.
Overall, the resistance levels can be placed at
25K and 
27K, respectively, while if the market sentiment turns negative, support levels can be set at 22K and 20K.
23K and sustained it as well.The positive crossover of MA-10 against MA-20 is another bullish signal currently present. However, the price level sustainability above MA-10 looks vulnerable.
The RSI level also sustains well above 50, indicating that bulls are in a stronger position.
The MACD level is also hovering above the histogram while forming green bars. However, it looks vulnerable to a bearish crossover on a shorter timeframe.
Overall, the resistance levels can be placed at
25K and 27K, respectively, while if the market sentiment turns negative, support levels can be set at 22K and 20K. 
Feragatname
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