On the weekly time frame bitcoin is currently printing an indecision candle. Sunday’s closing level should provide a good idea of where the king of the cryptocurrencies is going next.
Since hitting a new all-time high in March, the bitcoin price has been rather volatile. This is only to be expected given the importance of the level and the fact that $BTC rose 375% in around 16 months in order to get there.
$BTC price holds above triangle and support
Source: Coingecko/Trading View
Having not long left a triangle the $BTC price was traversing within since 14 March, the price is now consolidating above. Bumping along the top of the triangle, with the major $69,000 support below, things are looking promising for $BTC.
Weekly candle close will be critical
Source: Coingecko/Trading View
On the weekly time frame things also look promising. The price is holding nicely above the support, and with the series of higher lows, of which most have long wicks below, the $BTC price is
We współpracy z: https://cryptodaily.co.uk/2024/04/bitcoin-indecision-major-move-coming-after-weekly-close
