The price of Bitcoin has been fluctuating most of the time. At this time, indicators that rely solely on the daily cycle may fail. Therefore, it is very necessary to look at the weekly chart to understand whether the general trend is still continuing or whether it has changed. Doing so can make your judgment more firm, so as not to give up your operation easily.

From the weekly chart, Bitcoin has been running around the EMA10 line, which is $63,000, and the retracement trend has not ended. In the future, it is expected that the price will continue to retrace and test the support levels of $60,000 and $56,000. Unless the price can recover $63,000 or even $67,000, the bearish trend will continue and bulls will need to try again to push the price up.