Bitcoin Weekly analysis:
#Bitcoin broke the falling wedge pattern on the weekly chart and give a good rally. Price also breaks the $25,000 key level. Price is now trading above the 200 WMA (Weekly Moving Average) which is a good sign and showing strength in the market. The weekly candle closing will give more confirmations. The next weekly resistance is the $29,000-$32,000 area and we may see profit booking in this zone.
#Bitcoin broke the falling wedge pattern on the weekly chart and give a good rally. Price also breaks the $25,000 key level. Price is now trading above the 200 WMA (Weekly Moving Average) which is a good sign and showing strength in the market. The weekly candle closing will give more confirmations. The next weekly resistance is the $29,000-$32,000 area and we may see profit booking in this zone.
2 yr. ago
