🚨$BTC Weekly Chart Update
Bitcoin is still holding above the rising 200-week moving average, which remains a strong long-term bullish signal.
Right now, the key level to watch is $63,900.
As long as Bitcoin stays above this zone, bulls still have a chance to regain control.
Main levels:
Resistance: $67,000
Support 1: $63,000
Support 2: $58,000
What the indicators show:
MACD bullish crossover
RSI bullish divergence still active
Stochastic RSI starting to turn up
If BTC breaks above $67,000, the next major move could open the path toward much higher levels.
But if $63,000 fails, then $58,000 becomes the next important support to watch.
The bigger picture still looks constructive while price remains above the 200-week MA.
Trade Accordingly 👇🏻
Bitcoin is still holding above the rising 200-week moving average, which remains a strong long-term bullish signal.
Right now, the key level to watch is $63,900.
As long as Bitcoin stays above this zone, bulls still have a chance to regain control.
Main levels:
Resistance: $67,000
Support 1: $63,000
Support 2: $58,000
What the indicators show:
MACD bullish crossover
RSI bullish divergence still active
Stochastic RSI starting to turn up
If BTC breaks above $67,000, the next major move could open the path toward much higher levels.
But if $63,000 fails, then $58,000 becomes the next important support to watch.
The bigger picture still looks constructive while price remains above the 200-week MA.
Trade Accordingly 👇🏻