Bitcoin price trades between the $52,062 weekly resistance level and the $45,156 support level after rallying 37% in the last 28 days. Due to the explosive nature of this move, a retracement seems due. Moreover, the previous week’s forecast also notes a bearish price fractal that postulates a potential liquidity event likely to happen in the next two weeks.
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Bitcoin price trades between the $52,062 weekly resistance level and the $45,156 support level after rallying 37% in the last 28 days. Due to the explosive nature of this move, a retracement seems due. Moreover, the previous week’s forecast also notes a bearish price fractal that postulates a potential liquidity event likely to happen in the next two weeks.
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