RG Analitics 🟒 [PRIVATE CHANNELπŸ”’]
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RG Analitics 🟒 [PRIVATE CHANNELπŸ”’]
#BTC weekly candle close strongly bearish and dropped back lower to support now. Price going though the correction phrase and might dip once again, so need to see a breakout sooner anytime, annotations marked with the charts
#BTC haven't moved anywhere, just damaged the altcoins by sharply moving back and forth with that, price is stuck in between though. Expecting some sort of breakout by wednesday at NY,due to news, else this whole weekend will also go in consolidation, so you can wait for it.
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#BTC/USDT analysis-

According to the analysis, BTC has broken down and retested the breakdown level, which now acts as resistance. It is expected to hit the key support area between 56,600 and 59,000 before potentially going further down.
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RG Analitics 🟒 [PRIVATE CHANNELπŸ”’]
#BTC weekly candle close heavily bearish with no wick at the bottom and trading below the $63,000. Now the expectations are $61,000 and lower support gonna be tested and a reversal can be expected.
Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.