BTC/weekly level
As shown in the figure, the general trend is still bullish, and there has been no change in the general trend.
BTC was affected by some bad news during this week, but it resisted valiantly and consolidated in the main support area (40600-38600), which indicates that it is a strong and effective support area.
The closing of the week's candle above this area is positive, and we will witness a bullish week, and this is the likely scenario.
If the candle of the week closed below the support area (40600-38600)
Next week will be bearish and will fall to the next support 34000 to be tested and this scenario is unlikely.
As shown in the figure, the general trend is still bullish, and there has been no change in the general trend.
BTC was affected by some bad news during this week, but it resisted valiantly and consolidated in the main support area (40600-38600), which indicates that it is a strong and effective support area.
The closing of the week's candle above this area is positive, and we will witness a bullish week, and this is the likely scenario.
If the candle of the week closed below the support area (40600-38600)
Next week will be bearish and will fall to the next support 34000 to be tested and this scenario is unlikely.
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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.
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.