BTC Update W1 Chart

Bitcoin / TetherUS BINANCE:BTCUSDT

sebastianjohansen

Bitcoin has been showing big volatility last two month becuase of FED interest speculation and Russia vs Ukraine crisis. But weekly chart still bullish and indicates BTC can have a big rally in next 12-16 weeks. RSI showing bullish divergence , MACD showing low sell pressure like June 20221 and stock RSI indicate market can give bounce with short term noise.

First resistance on W1 chart is $45k then $53k while support is at $36k and $29k.

Try to understand chart and trade between the lines.

Major events: Russia/Ukraine and FED interest speculation.

Trade safely 🙂

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