WEEKLY OVERVIEW
$BTC bounced hard on the weekly chart after a choppy consolidation.
Key Observations
- A wick on the weekly candle in theprevious 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.
Pray for $100k by end of 2024 🔥