Bitcoin weekly analysis

11 Ağu 2020

BTCUSD price just below an important resistance on the weekly time frame.

Even though, i wouldn't be surprised of a large wick attempting to break decisively the 12k, and even finding support above; it's likely, that eventually, we will come back to the 9k-10k area, where we find confluence of a couple of trend lines and the 25 july CME futures unfilled gap.

Wouln't be surprised neither, of a retest of the weekly pivot point.