Bitcoin on Weekly Timeframe

٥ سبتمبر ٢٠٢٢

Bitcoin's macro trend is bearish. The weekly timeframe looks terrible. BTC is BELOW all of its SMAs except for the 300. The 50 is crossing below the 100 which is a weekly TF death cross, and we broke below the bear flag support channel 2 weeks ago and have been unable to reclaim it since.