BITCOIN PRICE CHART AND FORCAST - TECHNICAL ANALYSIS BY CSFX

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BITCOIN PRICE TECHNICAL ANALYSIS: WEEKLY CHART

BITCOIN WEEKLY SCENARIO
  • In the weekly charts, BITCOIN is trading in a downward channel.
  • BITCOIN is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • BITCOIN will follow a downtrend in the coming weeks.
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