Over the last two weeks, bitcoin has not yet rebounded and continues to remain in the sideways, constantly holding on when approaching its lower border. We have not seen any bearish candles on the weekly TF since that moment, there was only a neutral spinning top candlestick. Although the current weekly candlestick is red, there is a chance to close again with a shadow from below - which is good news.
As for the moving ones, the MA20 began to round off and now it is already passing not at 48500, but in the 47000 region (i.e. now the possible rebound targets are there, although it is likely that next week the MA20 values will fall even lower). There is also MA50 (31500), which acts as a certain support.
Buyers have two more days off to close the weekly candle as best they can. If there is a good shadow from below, then growth can be expected from next week. It would be nice to close somewhere in the 34500-35000 zone.
As for the moving ones, the MA20 began to round off and now it is already passing not at 48500, but in the 47000 region (i.e. now the possible rebound targets are there, although it is likely that next week the MA20 values will fall even lower). There is also MA50 (31500), which acts as a certain support.
Buyers have two more days off to close the weekly candle as best they can. If there is a good shadow from below, then growth can be expected from next week. It would be nice to close somewhere in the 34500-35000 zone.
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Join our channel:
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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.