20/02/23 Weekly outlook

79
Last weeks high: $25301.6
Last weeks low: $23314.8
Midpoint: $21328

BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower?

As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the 25-25.5k as that has not happened yet just to take liquidity before breaking back below. However, if price is accepted above that zone 28k is the next stop.

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.