📈Bitcoin weekly prediction, 40K or 32.5?📉

BTCUSDT
BTCUSD
Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of 39K -40K.

• In this week, bitcoin price breaks the ascending channel (in yellow).
  
• Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher.
  
• But if the price loses the support, the level of 31,700 to 30,200 will be a strong support for Bitcoin in the bearish scenario.
  

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Comment:

Bitcoin is losing momentum. So, either the price goes up, or it starts testing lower levels. The FOMC meeting and other geopolitical factors could affect this week's forecast, and a target of 30,000 is possible.🐱‍👤✍

Comment:

After consolidating above the indicated level, Bitcoin went through a bullish scenario.
Wait for the next updates.
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