Bit Coin Weekly Chart Analysis
Let's analyze the bit coin with the weekly price change chart, which is a long-term trend. With the start of the decline in December, the weekly price 5-day line began to decline and continued to fall for a month.
It will also determine whether or not the weekly 5-day price starts to decline.
I see two cases.
One case is to take a bottom at 8k and turn up, recovering 15k at the end of the year.
The two cases are the scenarios in which the price drops for 4 weeks as in Dec of last December, and 4k is taken and the price changes again.
Currently, there is a strong downward trend because of the lack of volume.
by Team Rich
