Bitcoin: Weekly Forecast 20210704
Bitcoin continued through the consolidation and was able to find support from the bottom around 30000.
The price is currently attempting to break a minor falling trendline and could potentially climb further towards the top of the range.
However, we also expect strong resistance at the supply zone around 39000 where multiple moving averages find confluences.
This week, we will look for buying opportunities before it reaches 38000, and we aim to attempt buying at 35000 for now.
The price is currently attempting to break a minor falling trendline and could potentially climb further towards the top of the range.
However, we also expect strong resistance at the supply zone around 39000 where multiple moving averages find confluences.
This week, we will look for buying opportunities before it reaches 38000, and we aim to attempt buying at 35000 for now.
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