Bitcoin (BTC) price is at a critical juncture in the weekly time frame, where bulls and bears are battling for control. However, a multi-time-frame an
Bitcoin price is trading at $26,776 after sliding nearly 5% in the last five days. The weekly chart shows the struggle between bulls and bears to seize control. The daily time frame paints a bullish picture for BTC and suggests a potential outlook for a quick rally. alysis shows that BTC is bullish daily and is likely to rally higher. Also read:Bitcoin likely to pull back after another failed breakout, CPI beats expectations at 3.
BTC/USDT 1-week chart Which outlook will come first? And how can traders position themselves? To answer this question, a lower time frame analysis is needed. BTC’s daily chart notes key developments Bitcoin price action on the daily chart shows that the failed attempt to breach the weekly level of $25,941 was followed by a minor uptrend. Over the last month, BTC has produced three higher lows and two higher highs and currently trades at $26,783.
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