#BTCOutlook

🔥 Today is a crucial day for Bitcoin! The closing of the weekly candle can determine the further direction of the market movement.

The 1W chart shows a bearish engulfing 🐻: the red candle “eats” the previous green one, and the trading volumes are increasing 📈. This is an alarming signal for the bulls 🐂, but everything can still change in the last hours of trading.

What to expect?

1️⃣ If the candle closes with a decrease, the market may move into a stronger bearish trend.

2️⃣ If the bulls can regain control, this will be a signal for a potential increase.

What do you think? 🤔

• Will the bulls be able to hold the market?

• Do you expect a new high in the coming weeks?

💡 Write your thoughts in the comments!

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