BTC/USD - Weekly Overview
Bitcoin faced significant resistance from the crucial psychological mark of 
25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%.
MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment.
However, on the Fibonacci retracement table, the level of 0.786 FIB level is proving to be a strong support level for the world’s largest digital asset.
Considering technical indicators, the RSI level has formed a falling channel pattern and looking vulnerable to a breakout to the oversold region. The MACD level has also faced a bearish crossover and currently forming red bars on the histogram.
Overall, the resistance level of25K and 
27K will play a crucial role for BTC this week. However, if the pullback continues, it can find support at 22K and 20K.
25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%.MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment.
However, on the Fibonacci retracement table, the level of 0.786 FIB level is proving to be a strong support level for the world’s largest digital asset.
Considering technical indicators, the RSI level has formed a falling channel pattern and looking vulnerable to a breakout to the oversold region. The MACD level has also faced a bearish crossover and currently forming red bars on the histogram.
Overall, the resistance level of
25K and 27K will play a crucial role for BTC this week. However, if the pullback continues, it can find support at 22K and 20K. 
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