The weekly on btcusd.
6 weeks have passed since the ATH and the last four weeks have drawn bearish closings, albeit slightly. The price remains stuck in this range between 70k usd and 59k usd this week too, after running for 7 months without pauses or long corrections like this one underway. Sooner or later the buyers will show up and the price will resume the underlying trend, so I write to be very careful about selling now in the wake of news or the feelings we experience in these moments of pause. It should be noted that the price has not made any bearish structure since it made the all-time high, in the sense that it did not close below the previous session low. This data can also represent an important signal on what is happening at the moment, a decline that unleashes all its strength, but is always caged and kept high. In these moments of trading ranges, we can only wait and understand which direction the price will take and we know what the underlying trend is.
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