MJ's weekly Bitcoin Perspective
The last candle closed slightly green....
MJ's Nay to Aye ratio: 2:0 (lol)
We finally saw a green candle, but after 9 weekly red candles, this is a very weak candle. The upper wwick shows a rejection, but picked up some steam at the last minutes.... the volume was also very low. I would expect much more volume on the bottom of a downtrend. This makes me to believe, that wew did not find the bottom yet.
Bitcoin needs to break the dashed line at least to show some strength. I still expect us to go down and touch the 200 weekly MA, but return quickly to current range (30k-32k) and cosolidate further.
My perspective for this candle is RED
this is another 50:50 bet since i dont expect much movement.... so im prolly wrong again lol....