Bitcoin stayed above 10K for less than 5 days and in today’s article we will look at a short analysis at the beginning of the week.
- BTC became a bear after the weekly candle closed under key resistance.
- Bears have taken the initiative and it will be difficult to get past the psychological threshold of 10k again.
- Bitcoin is likely to test the 8300-8900 region in the next two weeks if the bulls do not get to their feet.
- If the weekly candle is closed above 10K the bulls will be in an upward trend, but now are bears with full force.