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Bitcoin Weekly Report by luiscalzadilla

View this thread on: hive.blogpeakd.comecency.com
· @luiscalzadilla ·
$0.31
Bitcoin Weekly Report
![](https://cdn.steemitimages.com/DQmTCk66Gs3Ue9LbAvh3vrqhbS6dEH4mYYbWCtZb26G1XGN/image.png)

<div class="text-justify">Friends of steemit, we are just entering a bullish trend, but the question is: when? Everything depends on the moment in which the range identified with the red rectangle in the image is broken, which is in the order of $ 7,700.

But why is this signal so strong? Well, because it is not the only sign, there are two more signs and they are:

1. The 99 Period Moving Average (MA99) is resisting the fair price at this time when the two are touching each other.

2. The price, the MA99 and the upper edge of the red rectangle are in the same resistance area indicated by the red line.

This indicates that if we overcome this area we will have a very strong price that will most likely lead us in search of the next resistance in the order of $ 8,600.

This is the analysis for this week

Do not forget to leave your vote and a reesteem so that more people are aware of the possibilities for the BTC this week.

</div>

Bye
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vote details (77)
@simsimvasim ·
![123.gif](https://cdn.steemitimages.com/DQmct8V8BjZ6yfnvc5KNXScAcHAAVp7X5KrrCmUvVPHCySc/123.gif) i am first
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@stevewakeham332 ·
The weekend provided Bitcoin with a positive bullish movement back towards the expected reversal area of $7,800. After the huge market manipulations we saw over the previous week, i believe we could still see a potential reversal back towards the $6,000 region before the bullish run begins.

Bitcoin price rose 1.79% overnight, outlining the hope manipulators have created inside investors minds to invest after manipulating the market into believing that this bear run is finally over. although we still could see prices rise another $150 in a short space of time, the area of $7,800 could prove a major turning point in this believed bull run.
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