Bitcoin important weekly analysis

Bitcoin weekly

EMA21 on weekly.This moving average is very important support level. Curently is around 40-42k which is normal strong support level.

So, if bicoin goes up, then can't go below this level (weekly candle close with body)

This chart looks bullish.


Bitcoin Dominance
Still in strong beartrend. It means alts should go extremle up.

Total market cap
Going up according our scenario. This chart look also bullish.

Bullish fundament
Two stable coins in top 10, these money are ready for buy.

It is important to wait for break. In case of bearish reaction is possible test level around 16k.

Commentaire:

Bitcoin in 4H chart. Probably price will hit 49-50k soon. There is time to be very careful. You can see in the past how the strong resistance is this are.

Also is there fibo 0,618.

In case if price break this level, then could go more up - double top or new high.