Quick update on the BTC weekly chart.
Bullish scenario: Weekly closes above $25K. If support holds, expect a bounce up. Heavy resistance at $31K.
Bearish scenario: Weekly closes below $25K. Next major support level around $22K.
Bullish scenario: Weekly closes above $25K. If support holds, expect a bounce up. Heavy resistance at $31K.
Bearish scenario: Weekly closes below $25K. Next major support level around $22K.
Commentaire:
$25,000 weekly support has held. I'm expecting a test of the $31,000 resistance level in the coming weeks.