Bitcoin BTC BTCUSD BTCUSDT Weekly Review 👀 Flash Update

Bitcoin BTC BTCUSD BTCUSDT Weekly Review 👀 Flash Update

By Rubikkav | Rubikkav Insights | 11 May 2020


At 19 hours after halving the cryptocurrency market closes its weekly cycle with an indecision on account of the last candle. There really are a lot of odds in favor of buyers at 50% of the game and the other remaining for sellers. This game is really balanced.

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With the price of Bitcoin opening on the ichimoku cloud cluster support at $8804 it is proving confusing for many. What we should be clear about is that there is strong support at $7982. The best thing now is to let the market make its next move and wait for the halving event to pass so you know the next path.

In the event that the trend after halving is in favor of sellers, we will be opening a short at approximately $8523. Otherwise a good price to open a long position would be approximately $9321. With the above we complement that either it can be the end of wave 1 or the beginning of wave 2.

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