Quick update on the BTC weekly chart.
Bullish scenario: Weekly closes above $25K. If support holds, expect a bounce up. Heavy resistance at $31K.
Bearish scenario: Weekly closes below $25K. Next major support level around $22K.
Bullish scenario: Weekly closes above $25K. If support holds, expect a bounce up. Heavy resistance at $31K.
Bearish scenario: Weekly closes below $25K. Next major support level around $22K.
Note
$25,000 weekly support has held. I'm expecting a test of the $31,000 resistance level in the coming weeks.
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Disclaimer
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.