#BITCOIN on Daily TF, kept on hodling the support area, we can see Daily candle kept on rejecting the support and weekly will does the same, just one more candle to go. A rejection will be good to see as it might start a reversal.
Despite healthy investor profitability, the magnitude of volume being processed and transferred on the #Bitcoin🥇 Network following the ATH has declined drastically.
This underscores a reduced appetite for speculation and heightened indecision in the market.
Bitcoin is currently testing the horizontal resistance zone of an ascending triangle on the weekly timeframe. This pattern suggests the potential for a significant price movement, as ascending triangles often precede breakouts.
The 21-day moving average is acting as a resistance level. A breakout above this moving average would indicate a bullish trend, likely leading to higher prices.
Conversely, if Bitcoin fails to break through the 21MA, it may result in a downward movement within the triangle, potentially revisiting lower support levels. $BTC #CryptoPCEWatch #BTC☀ #MtGoxJulyRepayments
BTC weekly candle close heavily bearish with no wick at the bottom and trading below the $63,000. Now the expectations are $61,000 and lower support gonna be tested and a reversal can be expected.
📊We have been following Binance coin in Lower Time Frames after this Roadmap and expected the Second Scenario is happening so we had target above the old high. Anyways, for now, this is our Roadmap and we expect the next buy zone to form around 400$ in the Gray zone, before that, even if we make another higher high, buy positions are more risky. $BNB #BinanceTournament #CryptoTradingGuide #Megadrop #BNBAnalysis
BITCOIN on Weekly TF, trying to push lower and might give a closing below too as its a last day for weekly. A closing below will open a gates for next support around $62,200 and even lower for grabbing liquidity.