BITCOIN🚨
$BTC Weekly close
Grade C-
1) MACD has had no bearish cross, but we have lost some of the short term momentum on the Histogram (small green bars under middle circle)
2) Stochastic/RSI = Still no bullish curl evident, but the good news is we are close to being oversold.
3) The Yellow arrow marks my personal best bet as to where $BTC “could” go.
4) The Monthly 50EMA is at “$24.7ish” & rising, so this also adds confluence to why the rising trend line and yellow arrow hold some merit.
Note: I’ve attached this closing analysis with the $USD chart & commentary I posted a couple of days back.
That $USD chart holds the key! 🔑
Whenever we see the $USD make it’s lower high, $BTC gets out of this short term bearish rut, and we move higher.
Lastly, I remain HIGHLY BULLISH on $BTC, and unless something technically changes & breaks, I’ll remain that way.
And for now, NOTHING has broken.
$BTC Weekly 👇
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