Highest Weekly Close, What is Next for BTC? 111k??
$BTC several weeks of continuous pump BTC has finally made a highest weekly close above its previous resistance confirming the Bullish momentum and this could probably continue in the next few weeks and months till it makes all time high. However with the new weekly candle opening , there can be a small correction before it continues to go up.
Here is the chart pattern I think will play out in the next few days before making its next weekly close. The candle could revisit $100k before making its all time high weekly close, or next weekly candle could end up closing in red around $100k.
However, overall market is bullish and in the next few months we must be in continuous bullish market with a smaller correction phases here and there to create support to push the price higher.
My overall perspective on the top of this bull run still stays the same like I previously mentioned, 170/187k as long as BTC doesn't break down from its major support which is 86/75k.
Altcoin could push higher before BTC make a move to retest the support.
Note: None of my analysis and opinion is financial advice.
#BTC #Bull #AltcoinSeasonLoading