julio24albert

Bitcoin : Weekly candle close is the key

BITFINEX:BTCUSD   Bitcoin
From the 1 week time frame, we can see that the price is trying very hard to close above the red dynamic level which is the 200 moving average as a strong support level line. If we see a close above this level, there will be a short term bounce to challenge the price above the white region of $6500. But, if the price can't close above it, we will see the potential retest toward the yellow support trend line. Currently, the patience is everything.

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