#BTCUSDT
👨🦳 #BTCUSD (BITCOIN)
🕓 Time Frame: Weekly (Log)
🔼 Status: Bullish
📆 09.07.2024
Bitcoin's Weekly Chart: FVG Filled, Potential for Further Growth if Support Holds
Upon analyzing the #Bitcoin chart on the weekly timeframe, we observe that after two months, this cryptocurrency finally experienced a drop to fill its old Fair Value Gap (FVG). Interestingly, following this fill, the price managed to rise by 10%, moving from $53,500 to $58,300.
Currently, Bitcoin is trading around $57,200. If it can hold above the support level of $50,500 to $53,500, further growth in price can be expected. Previous assumptions from the analysis remain valid.
Keep an eye on these levels to gauge Bitcoin's next movements and potential bullish continuation.
🕓 Time Frame: Weekly (Log)
🔼 Status: Bullish
📆 09.07.2024
Bitcoin's Weekly Chart: FVG Filled, Potential for Further Growth if Support Holds
Upon analyzing the #Bitcoin chart on the weekly timeframe, we observe that after two months, this cryptocurrency finally experienced a drop to fill its old Fair Value Gap (FVG). Interestingly, following this fill, the price managed to rise by 10%, moving from $53,500 to $58,300.
Currently, Bitcoin is trading around $57,200. If it can hold above the support level of $50,500 to $53,500, further growth in price can be expected. Previous assumptions from the analysis remain valid.
Keep an eye on these levels to gauge Bitcoin's next movements and potential bullish continuation.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.