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Bitcoin price macro outlook remains uncertain, analyst says

From fxstreet.com

Bitcoin (BTC) price is still not in the clear, according to analyst and trader Rekt Capital, who explores the price action on a macro perspective. It comes after the big crypto leaped almost 5%, testing the $28,600 levels before a retraction. Bitcoin price still in the thicket: Bitcoin (BTC) price remains in the woods for as long as it has not decisively breached the lower high resistance at $28,370 on a macro perspective. This barricade is achieved by connecting the highs of at least three candlesticks in the one-week timeframe, which remains above the last lower high. Based on the weekly chart below, a lot of ... (full story)

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  • Category: Technical Analysis