NasirCrypto

BTC /USD (Interval 1W)

Short
BITSTAMP:BTCUSD   Bitcoin
From 8th November till now on a weekly chart we see every week candle closed with a low price, This week another low printed which is not good. Price action is within ascending channel and below mid-range so we have $42k on cards. BTC has to close above mid-range in coming week otherwise we may see more retracement. For now bears are in full control although we do have strong buy walls around 44k-45k range but lets see if this holds but things are looking a bit shaky.

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