Weekly candle closing is complete
The weekly candle closed with very strong strength
And the daily-level moving average support has also been reached
As we discussed earlier
As long as the price of Bitcoin stays above 74,500
We can expect a bullish pullback
Currently, the weekly level has closed above 74,500
So things are really great
At the moment, the resistance for Bitcoin is the MA62 of the 5-day line
The resistance is around 77,500
Once it breaks above this level, the upward space will open up again
There is hope to reach around 82,000
However, based on the current 4-hour chart trend
Even if it breaks through 77,500
there is a high possibility of a divergence
So this week’s market is more likely to lean toward range-bound consolidation
Currently, for trading within the range from 74,500 to 82,000
operation $BTC
The weekly candle closed with very strong strength
And the daily-level moving average support has also been reached
As we discussed earlier
As long as the price of Bitcoin stays above 74,500
We can expect a bullish pullback
Currently, the weekly level has closed above 74,500
So things are really great
At the moment, the resistance for Bitcoin is the MA62 of the 5-day line
The resistance is around 77,500
Once it breaks above this level, the upward space will open up again
There is hope to reach around 82,000
However, based on the current 4-hour chart trend
Even if it breaks through 77,500
there is a high possibility of a divergence
So this week’s market is more likely to lean toward range-bound consolidation
Currently, for trading within the range from 74,500 to 82,000
operation $BTC
