Here we see a more bullish scenario on the weekly BTCUSDT chart, and as always I try to keep it as simple as possible.
Bitcoin dropped down to the 31k-29k area on a couple of ocasions in the past, but then bounced to new ATHs both times. That is the reason why this bullish bitcoin scenario predicts the bounce in that area once again, and that the bounce will bring us back above the bull market support band and potentially to new ATHs.
Here is my previous post where i looked at the inmediate short-term:
Make sure to stay tuned for my weekly Bitcoin Update video 🎬
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