BitcoinUpdated BTC status on the weekly
BTC has to close above 7600 on the weekly to retain hope for the bulls. If it doesnt, and closes below 50week MA, then the next support levels are at 4500 on the weekly. Shorts are adding up on bitmex as funding rate goes negative with increasing contract size. Thus giving hopium to break above 50W MA on this weekly close.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.