Bitcoin Weekly Forecast: BTC looks set for correction amid increasing sell signals
Bitcoin price hovers around the 2021 ATH of $69,138 after a 65% year-to-date returns. The Momentum Reversal Indicator (MRI)’s warning sell signal of a down yellow arrow hovers above the ongoing weekly candlestick. This technical formation suggests that the next up candlestick would flash a red ‘one’ sell signal. This signal, from a theoretical perspective, forecasts a one-to-four down candlesticks.
Bitcoin (BTC) price action remains unchanged as it trades below the 2021 ATH for the fourth consecutive week. With Grayscale’s ETF outflows slowing down, investors expect a positive outlook for the crypto markets, but the short-term directional bias, at least from a technical perspective, remains bearish for BTC.
Bitcoin price hovers around the 2021 ATH of $69,138 after a 65% year-to-date returns. The Momentum Reversal Indicator (MRI)’s warning sell signal of a down yellow arrow hovers above the ongoing weekly candlestick. This technical formation suggests that the next up candlestick would flash a red ‘one’ sell signal. This signal, from a theoretical perspective, forecasts a one-to-four down candlesticks.
Bitcoin (BTC) price action remains unchanged as it trades below the 2021 ATH for the fourth consecutive week. With Grayscale’s ETF outflows slowing down, investors expect a positive outlook for the crypto markets, but the short-term directional bias, at least from a technical perspective, remains bearish for BTC.
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Telegram channel 👇🏻👇🏻
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🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Also We Will Guide You
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t.me/xauusd_pro_signal_7
t.me/xauusd_pro_signal_7
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Also We Will Guide You
Telegram channel 👇🏻👇🏻
t.me/xauusd_pro_signal_7
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.