Bitcoin Analysis – 08.Jul.2024
Bitcoin Analysis: Bitcoin’s Weekly Chart: FVG Filled, Eyes Set on Further Growth if Support Holds :By analyzing the #Bitcoin chart on the weekly timeframe, we observe that after 2 months, this cryptocurrency finally experienced a drop to fill its old FVG. Interestingly, after this FVG was filled, the price managed to rise by 10%, from $53,500 to $58,300! Currently, Bitcoin is trading around $57,200, and if it can hold above the support level of $50,500 to $53,500, we can expect further growth in the price. Other assumptions from the previous analysis remain valid.
(This Post on TradingView)
Author : Arman Shaban
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