BTC Weekly Chart - Key Levels

23 Kas 2021

Looking at weekly candles on the BTC / USDT chart. This is the basis for knowing the longer term, key levels of support and resistance.

23 Kas 2021

Not

A lot of people are talking about the 53k level. This is because of the strong resistance and support that we've seen there previously. As TraderSZ said so keenly, if the above were a 5 minute or hourly chart, wouldn't we expect it to bounce in that range until a breakout? No different when we're looking at weekly sticks. No need to be scared of a healthy dip.