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$BTC Analysis February 22, 2022Mid-Term: Neutral Short-Term: Neutral -------------------- a solid break and close above $38,000-$38,500 could expect to see a mid-term continuation towards new Short term highs, But keep in mind bears might take control around 39k levels however, if price action remains for much longer below $38,000, we could see a lower retest around $35,457 before another potential bounce. A new low below 33k is not yet a scenario we should worry about but stay safe anyways!
by TopGBanks
$BTC Weekly Analysisin the weekly chart we see on the previous weeks after retesting our midterm support level at 33k we bounced and kept the momentum for two weeks straight now the price is consolidating in between mid term highs from last week we must break above or below the range once volume starts building up to have a clear mid-term direction bulls are still holding a significant edge and advantage, meaning that even without a clear mid-term direction, long positions have a higher probability of success than shorts.
by TopGBanks