$BTC Possible Scenarios

Hi guys,
Bitcoin registered a weekly candle above the $37,000 level for the second week in a row. An event that shows that the mentality of ordinary users around the world is again positive towards the crypto market and provides a real fuel for the next leap of BTC.

At the same time, bears should not be neglected. They will try hard to force BTC to test the $34,800 area again, while the bulls owe the current price to the decisive support of the $25,500 level and try to push BTC past the tough $38,000 level.

But the chart indicators show that as long as BTC is loyal to the uptrend support line as well as the 200WeeklyMA, there is no potential risk to the market and the bull market will continue.

Goodluck