Bitcoin Analysis – 29.Feb.2024
Bitcoin Analysis: By checking the Bitcoin chart in the weekly time frame, we can see that as we expected, Bitcoin continued to climb powerfully and managed to hit all the targets that I announced in the previous analysis! Now, after the price growth up to $64,000, Bitcoin has faced initial correction because it has entered its oldest Bearish Order Block (ATH), which is between $62,000 and $69,000! So the negative reaction to this level was logical, we have to see how the candle closes this week and next week so that we can determine its mid-term trend! I hope you have made the most of this analysis!
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Author : Arman Shaban
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