Finally, we come to see the weekly time frame perspective on the bitcoin which for sure is looking incredibly good as of now.
Price had bounce right after it touched and tested the area of $19683 just like what we anticipated earlier on previous update and the area where we put hardly our buy limit.
Price is now trending closer to the area of resistance which is right around the $24000 where our end target is located. This is a strong area as it has the alignment with 200 MA as the broken support turning into resistance and the white resistance trend line.
if the price is able to break above this resistance trend line, there will be huge upside spike toward the area of $30000 as the .382 FIbonacci retracement level and the previous base price of broken support.
Currently, it's still unbiased as the price is trending closer into the APEX of the crossing point between the resistance trend line and the horizontal support level.
keep waiting for the break out for further confirmation.
Price had bounce right after it touched and tested the area of $19683 just like what we anticipated earlier on previous update and the area where we put hardly our buy limit.
Price is now trending closer to the area of resistance which is right around the $24000 where our end target is located. This is a strong area as it has the alignment with 200 MA as the broken support turning into resistance and the white resistance trend line.
if the price is able to break above this resistance trend line, there will be huge upside spike toward the area of $30000 as the .382 FIbonacci retracement level and the previous base price of broken support.
Currently, it's still unbiased as the price is trending closer into the APEX of the crossing point between the resistance trend line and the horizontal support level.
keep waiting for the break out for further confirmation.
