Bitcoin – Weekly Outlook
Bitcoin might be trading around its weekly demand zone and trendline area, where it may start to show a stronger buying reaction. Based on other BTC perspectives, the overall structure could be turning bullish.
Additionally, the correlation between BTC and USD appears to be leaning in a bullish direction for Bitcoin.
We can observe that the USD Index is currently reacting from a major supply zone — a level that previously served as a demand zone but has now turned into supply after being broken last month. This shift could indicate potential weakness in the USD.
If this correlation continues, the crypto market might show strength in the coming weeks, and Bitcoin should display more bullish behavior on the chart.
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