BTC/USD - Weekly Overview
The world’s largest digital asset is facing consolidation for the past couple of weeks. On the technical chart, it has formed a consolidation range between 
27K to 29K.
Within the consolidation range, the price level is having support from the middle basis and resistance from the upper line as well. An opposite move could be a significant momentum signal.
The RSI level is showcasing negative nature (55.85), which means that BTC might again test the support present on the middle basis.
The level of consolidation could be identified through Historical Volatility which is currently just at 7.52.
Overall, Bitcoin needs to break above 30K and then 32K to resume its bullish momentum. On the contrary, if the profit booking momentum kicks in, it will have support at27K and 
25K, respectively.
27K to 29K. Within the consolidation range, the price level is having support from the middle basis and resistance from the upper line as well. An opposite move could be a significant momentum signal.
The RSI level is showcasing negative nature (55.85), which means that BTC might again test the support present on the middle basis.
The level of consolidation could be identified through Historical Volatility which is currently just at 7.52.
Overall, Bitcoin needs to break above 30K and then 32K to resume its bullish momentum. On the contrary, if the profit booking momentum kicks in, it will have support at
27K and 25K, respectively. 
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