Bitcoin: Weekly Forecast 20210627
Bitcoin was fell back into the demand zone below the 50% pullback level and was able to rebound off again.
However, the buying stopped despite a breakout of a falling trendline and it fell back into the same demand zone over the weekend.
As of current, we are still seeing persistent support and a rebound from the same trendline that was broken last week.
We could expect Bitcoin to recover towards 35000, subsequently, the supply zone sitting above 37000.
Should the bull give way, the next key support is seen at 23000.
However, the buying stopped despite a breakout of a falling trendline and it fell back into the same demand zone over the weekend.
As of current, we are still seeing persistent support and a rebound from the same trendline that was broken last week.
We could expect Bitcoin to recover towards 35000, subsequently, the supply zone sitting above 37000.
Should the bull give way, the next key support is seen at 23000.
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