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XTZ/BTC Weekly Analysis

BITFINEX:XTZBTC   XTZ / Bitcoin
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Hello Everyone
First of all, all of my analysis are for educational/study purposes only and should not be taken as an investment advice.

Tezos began to drop back in Sep 14 2020 and continued to it's downtrend for months until the first week of January 2021. Right now, the price has been accumulating/consolidating between 8647 and 7271 levels. If the price manages breakthrough the 9835 level. It would be an early indication of bullish signal. Red square is a weekly supply zone , beyond that there is not much resistance left at HTF.