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BITCOIN WEEKLY OVERVIEW ⁉️
$BTC bounced hard on the weekly
chart after a choppy consolidation.
Key Observations
- A wick on the weekly candle in the
previous run typically indicates an
upcoming upward trend.
- The daily downtrend channel has
been broken.
- More substantial volume is needed
on the daily chart to sustain the
breakout and prevent a fakeout.
- Big institutions have returned and
are currently bidding for Bitcoin.
BTC is only $6k away from its previous
all time high, so we are very close. Let's
see how this week unfolds.
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