BITCOIN🚨

$BTC Weekly close

Grade C-

1) MACD has had no bearish cross, but we have lost some of the short term momentum on the Histogram (small green bars under middle circle)

2) Stochastic/RSI = Still no bullish curl evident, but the good news is we are close to being oversold.

3) The Yellow arrow marks my personal best bet as to where $BTC “could” go.

4) The Monthly 50EMA is at “$24.7ish” & rising, so this also adds confluence to why the rising trend line and yellow arrow hold some merit.

Note: I’ve attached this closing analysis with the $USD chart & commentary I posted a couple of days back.

That $USD chart holds the key! 🔑

Whenever we see the $USD make it’s lower high, $BTC gets out of this short term bearish rut, and we move higher.

Lastly, I remain HIGHLY BULLISH on $BTC, and unless something technically changes & breaks, I’ll remain that way.

And for now, NOTHING has broken.

$BTC Weekly 👇