Bitcoin Weekly Market Update.
It was observed that Bitcoin achieved a bearish weekly close, which indicates growing selling pressure that should be watched out for in larger timeframes.
Furthermore, the stochastic also shows that we are in an overbought area, or that buyers are quite crowded in this range.
Currently, the $83K area must hold as it can be used as support that must be maintained to maintain the bullish structure.
Data source: Via Tradingview.
^Disclaimer Alert.
#BitcoinOptionsVolatilityHitsFiveYearLow #signalprofdons #BTC☀
$BTC
It was observed that Bitcoin achieved a bearish weekly close, which indicates growing selling pressure that should be watched out for in larger timeframes.
Furthermore, the stochastic also shows that we are in an overbought area, or that buyers are quite crowded in this range.
Currently, the $83K area must hold as it can be used as support that must be maintained to maintain the bullish structure.
Data source: Via Tradingview.
^Disclaimer Alert.
#BitcoinOptionsVolatilityHitsFiveYearLow #signalprofdons #BTC☀
$BTC