#BTCUSDT

👨‍🦳 #BTCUSD (BITCOIN)
🕓 Time Frame: Weekly (Log)
🔼 Status: Bullish
📆 09.07.2024

Bitcoin's Weekly Chart: FVG Filled, Potential for Further Growth if Support Holds

Upon analyzing the #Bitcoin chart on the weekly timeframe, we observe that after two months, this cryptocurrency finally experienced a drop to fill its old Fair Value Gap (FVG). Interestingly, following this fill, the price managed to rise by 10%, moving from $53,500 to $58,300.

Currently, Bitcoin is trading around $57,200. If it can hold above the support level of $50,500 to $53,500, further growth in price can be expected. Previous assumptions from the analysis remain valid.

Keep an eye on these levels to gauge Bitcoin's next movements and potential bullish continuation.