According to the previous analysis, Bitcoin corrected up to the $21,000 area before resuming its upward trend. Although this move was accompanied by divergence in the daily time frame, which may be seen as a fake brake for the $24,000 area. Because it didn’t pass the $25,000 resistance, and it was denied again after striking it for Week 8 BTC Bitcoin Analysis.
Because of the poor economic data published last week, traders paid little attention to these figures, and the market encouraged risk-taking. Bitcoin is anticipated in Week 8 BTC Bitcoin Analysis to fall to roughly $21,000 this week. Traders should keep in mind that fundamental issues like the BUSD and the Binance issue, as well as DCG’s bankruptcy, have yet to be resolved on the market.