ChartStrategist

Bitcoin Weekly TF

Short
COINBASE:BTCUSD   Bitcoin
Bitcoin has maintained a bullish trend for 84 consecutive days, displaying an 80% increase. Anticipate a response in the range of 46650 - 47350, followed by an expected pullback of approximately 30%. Various indicators, including the descending trendline, ascending trendline, reversal point, overbought conditions on RSI, and structural considerations, suggest that this correction may occur during any session by the end of next week.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.