Bitcoin (BTC) Long-term & Mid-term Analysis
Bitcoin (BTC) Long-term & Mid-term Analysis
As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish.
However Daily is starting to change of behavior because when BTC corrected from 58k to 50k, open interest rose up.
On a weekly basis, if 45k breaks, the 38k ~ 32k range test would be highly probable.
But until then Bitcoin could create a very boring range now and just frustrate people.
As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish.
However Daily is starting to change of behavior because when BTC corrected from 58k to 50k, open interest rose up.
On a weekly basis, if 45k breaks, the 38k ~ 32k range test would be highly probable.
But until then Bitcoin could create a very boring range now and just frustrate people.
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