BTC $63000 Weekly Update #25: The M close + The W21e Juncture
Sidesways correction for BTC is still ongoing in this range of 72-60k.
The W21ema and the Monthly candle will close simultaneously.
Bulls will likely be fighting to keep the 60k support intact and avoid the Monthly to close below 61k level.
The short to medium term time frame indicators (W to D) are pointing down as price as been in consolidation for this entire Q2, about 11% for Q2 2024.
Average support remains 60k, but the most important thing will be the M and W closing.
The W21ema and the Monthly candle will close simultaneously.
Bulls will likely be fighting to keep the 60k support intact and avoid the Monthly to close below 61k level.
The short to medium term time frame indicators (W to D) are pointing down as price as been in consolidation for this entire Q2, about 11% for Q2 2024.
Average support remains 60k, but the most important thing will be the M and W closing.
