🔴 Bitcoin update after the weekly close :
📈 The weekly closed at $52,137.67 below the resistance that was set at $52,880. Thus, we can say that the price failed to penetrate the strong resistance, and the update was delayed in order to see the reaction of the new weekly candle, which is currently green at $52,300
📉 Since Bitcoin is still below the trend line on a daily basis, this may suggest that Bitcoin may return to test the support areas that we identified previously.
🔭 How do I see the correction if Bitcoin does not break the trend line (this is a suggested behavior and not the only one)👇🏼
Return to $48,900, and if the price movement is weak, it will be broken because it is weak support
In this case, heading towards $45,400, which is considered strong support. There, Bitcoin may maintain its positions and move sideways, and it will be a very nice opportunity for the speculator because this will transfer liquidity to alternative currencies.
$BTC #BEARISH_MARKET #Ethereum(ETH)
