Bitcoin Weekly Update
Last week, we saw Bitcoin break out from the bullish flag pattern on the macro chart. The breakout occurred with huge volume, followed by a strong rejection near the previous all-time high at $69K. In my opinion, Bitcoin is now in a retest mode, so a red weekly close this week wouldn’t be surprising.
These movements are part of a healthy process necessary for a stronger price rise in the upcoming days.
Golden Tip: If this retest plays out successfully, consider this week as the last opportunity to accumulate your favorite altcoins at a lower price. The upcoming weeks look extremely bullish.
