Bitcoin Weekly Analysis
Bitcoin looking to come down eventually to the 21 weekly exponential moving average which will be lining up with the golden pocket retracement over the next several weeks. This area also has the biggest volume spike on the volume profile indicator.
The RSI indicator shows bearish divergence and will come down to a 53 reading shown by the yellow horizontal line on the RSI. This level acted as support during the whole 2017 bull market and has acted as support in this current bull market (See picture belpow in comments).
A similar fractal played out twice during the 2017 bull run (see additional pictures in comments).
The RSI indicator shows bearish divergence and will come down to a 53 reading shown by the yellow horizontal line on the RSI. This level acted as support during the whole 2017 bull market and has acted as support in this current bull market (See picture belpow in comments).
A similar fractal played out twice during the 2017 bull run (see additional pictures in comments).
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