f by the end of this week, with the closing of the weekly candle (which has only 17 hours left until it closes), Bitcoin’s price closes below the 91,221 level and loses its support, it is expected to experience further declines and undergo a price correction down to 71,000.
Another notable point is that Bitcoin has shown large wicks in the 79,000 to 86,000 range on the weekly timeframe, which indicates relatively strong buying in this zone.
Now, we must wait and observe the price action below the 91,221 level and assess the balance between buyers and sellers.
Another notable point is that Bitcoin has shown large wicks in the 79,000 to 86,000 range on the weekly timeframe, which indicates relatively strong buying in this zone.
Now, we must wait and observe the price action below the 91,221 level and assess the balance between buyers and sellers.
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Related publications
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.