Bitcoin´s weekly chart analysis
Another week has come to end, which was less exiting for many traders, but not unimportant.
Yes, the price of BTC remains in the range.
The weekly candle´s long upper shadow shows, that the Bulls were rejected at the resistance line and they couldn´t hold the price in the higher area.
The sellers were stronger and pushed the price to the lower boundary back, which was touched already three times.
Strong bearish volume in the market confirms the pressure on the seller side.
The price could remain for a short while in the range, but a breakout downward is coming closer.
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Yes, the price of BTC remains in the range.
The weekly candle´s long upper shadow shows, that the Bulls were rejected at the resistance line and they couldn´t hold the price in the higher area.
The sellers were stronger and pushed the price to the lower boundary back, which was touched already three times.
Strong bearish volume in the market confirms the pressure on the seller side.
The price could remain for a short while in the range, but a breakout downward is coming closer.
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。