#BTCUSDT Weekly

٢٠ مايو ٢٠٢٢

Based on Weekly Chart, there is a crucial Support at 29245 which makes its more difficult to more downside movement until unless a bad news comes in the market . the major sell off period with good volume has been done during last week and the closing of the last week candle is above the support indicate that bull is resisting the bear rally now

while if observing the BTCUSDT to shorter time Frame of 1 Hours It is forming the Triple bottom reversal

MACD and RSI both are in oversold zone

In my personal opinion the coming week the BTCUSDT will remain a indecision in the market and it probably make a accumulation phase here before a Major Rally

Support Level
-29k
-25k

Resistance level
35k
48k