BTCUSDT
End of the downward trend? Wedge closing Have been following quite closely recently, seems to me like 41500$ is a very strong support - been tested several time and rejected. We might see some rejection again at 43k level, stabilise there, consolidate for a bit.
With macro recovering (dollar slipped but just rebounded) - I do believe we are back on tracks!
Is MATIC (in 2021-22) following ETH's path (2017-2018) ?It's fascinating to see how MATIC's weekly chart has remarkable similarities to ETH's 2017-18 run.
If it continues following the same pattern, what comes next should be a 'blow off top' run to the peak of the cycle.
Taking some cues from ETH, it looks like Matic broke out the consolidation range, retested it and is bouncing off nicely.
As long as BTC doesn't nuke and the breakout and retest of prior resistance holds, Matic bulls look like they're back in the driving seat.
If you like the analysis, please give us a like, share, comment and follow so that we keep more good content with the crypto community.
Cheerz and happy trading! :-)
BTC should bounce back from this point for another bull run.52.5k should be confirmation point for another bullrun. incase of failure of this 37 to 41k support area we can see a price fall to 30k range.
this would be a crucial week for the market. hope for the best as big institutions are aggressively purchasing more and more btc with every dip.
good luck