The weekly close for the BTC price will be later today. The price has created several long upper wicks, a bearish sign.
In addition, it is still very close to the daily and weekly resistance levels. If it loses the daily support, a rapid downward move could follow towards $5650.
Weekly Support : $6050
Daily - Support : $5050
Weekly Resistance : $6850
Daily Resistance : $6650
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In addition, it is still very close to the daily and weekly resistance levels. If it loses the daily support, a rapid downward move could follow towards $5650.
Weekly Support : $6050
Daily - Support : $5050
Weekly Resistance : $6850
Daily Resistance : $6650
Please leave a LIKE if you enjoyed the analysis
Note
Let's see if it breaks down...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.