LIVEA quick overview of #Bitcoin and my opinion.
🔥Weekly timeframe. You implemented a hammer candle, which is a bullish sign. I'm not a big believer in candlestick analysis for cryptocurrencies but it should have been said as the week really ended well. Also, most importantly, we closed above 60,500 - 61,500, which is also a bullish sign. (see the first screenshot)
Also, pay attention to the second screenshot. When we were at 40K +- it seems it was already happening. Then the weekly candle also closed in a similar way and in general the situation resembled what is happening now. After that, we grew by almost 100%. History can repeat itself.
🔥Daily timeframe. I previously showed that we are holding well above the 100 moving, so we managed to retest it and trade above it again. The last time we tested it we grew almost 100%. Also pay attention to the daily MACD, we are finally in a bullish path and it shows us again that the bulls are gaining strength.
Basically what I'm looking at right now to be sure. The most important thing for me right now is not to go below 60K and to consolidate above 67,200 - 69,000 ( see screenshot 4 ) If we close this week above this mark, I will be 100% bullish.
At this point, there could still be a correction or even another leg lower. But I give this option no more than 10%.
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