watch
Bitcoin Weekly Close Overshadowed by Divergence and Resistance
Tonight, the weekly candle will close, and an important matter is at hand.
The previous high for Bitcoin was 109,588. While Bitcoin touched a new high of 111,900, it did not stabilize there. We are waiting for the weekly candle to close; if Bitcoin reaches 110,000 and closes the weekly candle, optimism for further upward movement remains. Otherwise, the correction scenario gains strength.
The weekly RSI also shows divergence, and with confirmation of this indicator, the likelihood of a market correction increases at present.
Source available for registered users Sign Up Free
AI Analysis
The recent price action around Bitcoin's all-time highs reveals a crucial week ahead. The fact that Bitcoin has approached but not stabilized above the previous resistance level at 109,588 indicates s...
AI Recommendation
Considering the resistance at 111,900 and the lack of weekly closing confirmation above it, it is prudent to adopt a wait-and-see approach. If Bitcoin closes the week below 110,000, it could be an ear...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
partial sell