Bitcoin Weekly long term chart
Over the last few weeks, PA has managed to climb above the descending line of resistance off the ATH ( Dotted line) and is now sliding down it as support while PA cools off a little.
Ultimatly though, PA is still in the larger ascending channel witht he upper trendline around the £35K mark currently and I think this is the target over the next few months
MACD is still Bullish But Daily is still Bearish and approaching 0 so may begin turning soon
BUT DXY is also looking Bullish right now and that could slowdown BTC PA rise and certainly hurt ALTS
This week is an important week. The War between TradFi and Crypto is heating up and fundimentals will begin being used again soon I expect
Ultimatly though, PA is still in the larger ascending channel witht he upper trendline around the £35K mark currently and I think this is the target over the next few months
MACD is still Bullish But Daily is still Bearish and approaching 0 so may begin turning soon
BUT DXY is also looking Bullish right now and that could slowdown BTC PA rise and certainly hurt ALTS
This week is an important week. The War between TradFi and Crypto is heating up and fundimentals will begin being used again soon I expect
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.