BTCUSD | Weekly Analysis | Testing The 47,540 Resistance? | Crypto
Hello traders, thank you for joining us for today’s update. Let’s delve into the weekly chart analysis of Bitcoin. Things are looking positive as buyers persist in challenging resistance levels, indicating a bullish trend continuation. Following the rejection of the recent low and the formation of a doji candle pattern, buyers are exhibiting behaviours suggestive of a potential continuation pattern.
Today’s focus: BTCUSD
Pattern – Continuation (Bullish)
Support – 41,450, 38,514
Resistance – 44,713, 47,540
Will we see the price continue to push higher and test the 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up.
Good trading.
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