Bitcoin: Weekly Forecast 20210613
Bitcoin continues to find buyers whenever it retests the 50% pullback low.
With every rebound, the price, however, created yet another lower high, forming a downward pressure within the consolidation.
The crypto market has been extremely vulnerable to any news from major governments to tweets from Elon Musk.
We continue to see Bitcoin under negative pressure and will continue to look for selling opportunities, awaiting pullback towards 36650 and targeting 31000.
With every rebound, the price, however, created yet another lower high, forming a downward pressure within the consolidation.
The crypto market has been extremely vulnerable to any news from major governments to tweets from Elon Musk.
We continue to see Bitcoin under negative pressure and will continue to look for selling opportunities, awaiting pullback towards 36650 and targeting 31000.
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