Bitcoin analysis on the weekly timeframe.
Bitcoin on the weekly timeframe is correcting from 159 days and is based on important and strong support between 80,000 and 76,000.
With a focus on many moving averages and strong trends, the current support is considered a very strong price cluster.
In addition, the weekly indicators on Bitcoin are saturated, with severe weakness and a halt in selling momentum.
We note that the weekly indicators will begin to turn positive, which supports the upward trend. However, we need some time, and God willing, we are on the path to market recovery and entering a new wave of upward movement.
As for currencies, they are in areas of accumulation and buying, God willing.
As for acquisition, it is at its highest historical levels and is approaching a decline, God willing.
Now that you see Altcoins, $BTC , & ETH finding bottom and reversing , remember who Publicly told everyone to not sell anything & try to add more during the market wide capitulation that happened few weeks back 👇.
Few 🤌🏼.