Last week was positive for bitcoin price and cryptocurrency market in general. So, “digital gold” again returned to level above $ 10 000, and the market cap reached $ 500 billion.
As expected in the last analisys, the previous week was positive for bulls. Many investors sighed calmer, “digital gold” returned to marks above $ 10,000, reaching a week-long hai around $ 11,300. Now let’s see what different charts are showing and what to expect from this week.
The February candle already has a bullish body, it is important to close it above $ 10,000 – this will be a good signal to continue growth on large charts. In this case, the subsequent dips will be already local and will only be a correction to further growth.
The weekly chart looks just gorgeous – a potentially reversal candle in the form of a doji worked good, and the price added about 20% in just a week. The situation looks promising for the continuation of the upward movement, however, on the daytime timeframe, everything is not so rosy.
Source/More: Bitcoin Price Analysis: Long-Term Procpects | Bit.news
