BTC WEEKLY UPDATE

BTC / USD

Here is my view on BTC for next few weeks

On the chart we can see last weekly candle closing not looking good ..And closed below 50W MA

Scenario 1: fast dump (wick) around recent low and pump hard after (big green candle)
For bulls they need to move and the next candle should be like a bullish engulfment candle

Scenario 2: in case bulls don’t produce any bullish action soon the price might visit 30k or even 20k in mid term


Don’t forget to like this idea and share in comments what do you think about BTC in next few weeks
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