as you can see we have two scenario for this , BTC is weekly frame is been in a falling triangle, so as you can see the miners are giving up and today hash rate is 13% lower than yesterday, so we can see in history we have such behave before and once this happened price has made a decision to end up falling scenario. so in two scenario at first we can go up from...
formation of candles shows btc has two resistance a dynamic "63700" and a static resistance .
support levels are green 57.7k is one of them that already rejected the price to 60k again let see we will meet it or no.
if we break the 63.7k it will pump up the price to 67k again or more.
BTC looks bullish but I think from 56-60 needs correction to MA200 at least ,but as we can see bullish momentum is still stronger than bearish in short frames corrections are losing their power to decrease the price let see who will win this battle . the last stronghold of bears!
BTC Buy and Sell volume is getting lower , weekly candles are getting smaller and BTC is departing to exchanges all of these shows btc needs a correction!
