Pt. 2 Value-Loaded Weekly Technical Analysis
What will happen after 10th August?
As promised,
I am back with the market updates for the second week of August.
BTC/USDT
I hope you read my last Weekly Technical Analysis building upon it, let’s look at what this week looks like. Interestingly, Bitcoin broke off from a Descending Broadening Wedge, maintaining a Bullish Structure!
The maximum level it reached was close to $24,800, which means it has not flipped its critical resistance of $25,000 yet. If it must continue the Bullish rally, Bitcoin needs to be flipped and close above the $25k mark.
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