Bitcoin: Weekly Forecast 20210606
Bitcoin along with other cryptocurrencies continued to be scrutinized by countries and social media, with the latest one from Weibo suspending crypto accounts.
Bitcoin has been consolidating for half a month and it is coming to the end of a bearish flag which, from a technical standpoint, will result in more selling.
This week, we can expect the price to break out of the consolidation and retest the demand zone at 30000.
Bitcoin has been consolidating for half a month and it is coming to the end of a bearish flag which, from a technical standpoint, will result in more selling.
This week, we can expect the price to break out of the consolidation and retest the demand zone at 30000.
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