Bitcoin flipped bullish on weekly chart
Last week was much productive for bitcoin: price rallied to 9200$ and then dropped to 8400$ followed by a huge sell-off.
Despite sell-off on the last few hours of the week, bitcoin managed to close the week above the PREVIOUS week high at 8600$.
8300-8600$ should act as weekly support for now for bitcoin for bullish continuation.
Bitcoin also closed the week above 21MA - the first time since March'19.
Looking at MACD, we can bitcoin is just about to have a bullish crossover on the weekly chart, which indicates a multiweek bullish continuation.
Bitcoin may slow down a bit a consolidate in 7700-8500$ for next 1-2 weeks because of Chinese new year holidays, but overall things are looking pretty bullish for bitcoin - and the price could rise above 13000$ before halving.
Despite sell-off on the last few hours of the week, bitcoin managed to close the week above the PREVIOUS week high at 8600$.
8300-8600$ should act as weekly support for now for bitcoin for bullish continuation.
Bitcoin also closed the week above 21MA - the first time since March'19.
Looking at MACD, we can bitcoin is just about to have a bullish crossover on the weekly chart, which indicates a multiweek bullish continuation.
Bitcoin may slow down a bit a consolidate in 7700-8500$ for next 1-2 weeks because of Chinese new year holidays, but overall things are looking pretty bullish for bitcoin - and the price could rise above 13000$ before halving.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.