Bitcoin weekly chart turned into bullish, next target may be 45k
#BTC (weekly update)
Technical analysis:
Hello everyone, welcome to this quick update:-
For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well but its bear trapped, btc bounce nicely after the closed and btc again above the 50 WMA which is reversal sign.
So far bull Looking Good & Bitcoin was bounced from 30k Horizontal Support Area as well as trendline support.
RSI break the its downtrend as well as it bounce from support line
If Bitcoin Bulls is not break the 41k Daily resistance, Next Stop could be 34k and then 30k see it again
If Bitcoin Bulls is Clear the 41k then next stop will be 45k which is 21 WMA
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
Technical analysis:
Hello everyone, welcome to this quick update:-
For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well but its bear trapped, btc bounce nicely after the closed and btc again above the 50 WMA which is reversal sign.
So far bull Looking Good & Bitcoin was bounced from 30k Horizontal Support Area as well as trendline support.
RSI break the its downtrend as well as it bounce from support line
If Bitcoin Bulls is not break the 41k Daily resistance, Next Stop could be 34k and then 30k see it again
If Bitcoin Bulls is Clear the 41k then next stop will be 45k which is 21 WMA
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
Trade closed: target reached
