Bitcoin in a uptrend channel
As you can see in weekly timeframe bitcoin is in an uptrend channel. In addition, it has more strong supports and resistances pointed in chart but I think in overall view it's in an uptrend channel and in worst case it can goes down till 51k-52k and in best case if supports do their job we can see new ATH for bitcoin in next weeks. But based on MACD and RSI 14 I think it's more probable that it goes down and after hitting the supports it goes up.
However based on divergence between bitcoin's chart and its MACD and RSI 14 charts in weekly timeframe, the uptrend will be done with a lot of emphasis.
However based on divergence between bitcoin's chart and its MACD and RSI 14 charts in weekly timeframe, the uptrend will be done with a lot of emphasis.
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