Bitcoin weekly analysis!
BTCUSDT form Doji candle on weekly time frame This is the sign of Bearish reversal as now we saw Greed index is also above 80 whale investor are somewhere taking profits but majority of them are not selling therefore we didn't saw any huge dump May be this week we will watch market will touch 58k as 21MA on weekly time frame making a support and if this week becomes bullish we can see 80k on BTCUSDT pair.
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#BTC 4H Time Frame analysis!
On 4h time frame we can see that btc is trading under the 21 moving average which is bearish sign for btc and if btc goes down most of the coins goes down because they follow btc so if btc cross 21 day moving average then we can see some bullish movements as far now I am bearish on btc and we can expect major downfall this week.
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BTC Daily Time Frame analysis!
ON daily time BTC form a bullish candle it means that btc can again touch 73k and it will form double top and it can reverse then to 58k as for now it can touch 50 moving average after forming double top as we saw now greed index is 79 so we can see some bullish movements on daily time frame. #HotTrends #BTC #Write2Erarn #analysisreport