These days many people are wondering what will happen for bitcoin. As you see, last weekly candle, is a huge engulfing candle that not only engulfs previous candle but also almost 7 candles (equivalent of 49 weeks!)
At the same time, in the hourly chart, we clearly see a head and shoulders patter with the TP 1 around 6800. also, if you closely pay attention to the weekly chart, you would see a support zone hidden around that price.
So, is short time (maybe few hours up to few days) we will see a downward move toward 6800 BUT in my opinion, BULLISH weeks for bitcoin started even right now.
At the same time, in the hourly chart, we clearly see a head and shoulders patter with the TP 1 around 6800. also, if you closely pay attention to the weekly chart, you would see a support zone hidden around that price.
So, is short time (maybe few hours up to few days) we will see a downward move toward 6800 BUT in my opinion, BULLISH weeks for bitcoin started even right now.