BTC/USD weekly time frame UPDATE !!
Hello, welcome to this BTC /USD weekly time frame chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls.
Currently, the bulls are facing the previous lower high resistance at 21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls.
Currently, the bulls are facing the previous lower high resistance at 21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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