BTC/USD (Bitcoin) | Descending Channel & EMA100 ...!!

BTC/USD (Bitcoin)

Good Morning Tradingview Family..!!

As All You Know, We're Following Descending/Falling Channel in Weekly Chart...Let's Continue Again..!!

First of All, BTCUSD Weekly Candle Closed Above EMA50 & 7.4K Tiny Support as well.

Last Week We've Gained Huge Buying Volume, That's Why BTCUSD Tested the Channel's Lower Support & Recovered Quickly.

Now Looks Bullish BUT Big/Key Resistance Coming Ahead..(EMA100/8000)

If We broke it Successfully then Chances of Breakout will increase So Keep Your Eyes on 8000 Level.

EMA50 & EMA100 Both Are Playing Key Roles in Weekly Chart..

EMA50 = Key Resistance & EMA100 = Key Support

Another Weekly View..!!

According to Weekly Chart, Descending Triangle Broken & Retested as well..& 6k is the Strong Support in Bearish Scenario.

By the way, It's a Bearish Pattern & So Far Right on Track..If BTC Crashed again then it might test 6k Support..






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The information given is never financial advice. Always do your own research.