weekly closing is little tricky, btc at make and break zone,#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.
So far Bears Looking Weak & Bitcoin is Still Moving Above the 30k Horizontal Support Area as well as trendline support.
RSI at also testing the support line, So If Bitcoin Remains Above the 30k Support, Expecting Bounce Back (Bulls Need Power)
If Bitcoin Bulls lost the 30k Support too, Next Stop could be 24k (Weekly MA) and then 20k.
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
