BitcoinForex (SPOT)

Bitcoin ($BTC): Weekly Analysis & Forecast

The rally appeared during the last week confirmed our short-term view, pushing $Bitcoin straight to our upside target. Having said that, from our point of view, next week could also be interesting. Technically speaking, the main trend on daily chart is bullish but the Price Action didn’t reach 32.1k area, and if that doesn’t happen in the near term, we can’t rule out a deep pullback. If this analysis is correct, our focus is on finding short-term supports, so we will follow the price action on the intraday chart below.

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