🚨Bitcoin Weekly Analysis
BTC closed weekly in green and still holding above the 200-week MA for the second week.
Bullish signals:
-Weekly MACD bullish crossover
-RSI bullish divergence remains intact
-Price holding above the rising 200-week MA
Key Levels to watch:
-Resistance: $67,000–$68,000
-Support: $63,500 and $58,000
Holding above the 200-week MA keeps the trend bullish. A break above $67,000 could lead to a stronger move higher.
BTC closed weekly in green and still holding above the 200-week MA for the second week.
Bullish signals:
-Weekly MACD bullish crossover
-RSI bullish divergence remains intact
-Price holding above the rising 200-week MA
Key Levels to watch:
-Resistance: $67,000–$68,000
-Support: $63,500 and $58,000
Holding above the 200-week MA keeps the trend bullish. A break above $67,000 could lead to a stronger move higher.