Bitcoin (BTC): Weekly Candles Are Very Bullish / Possible Dump..
2024-11-25

Another week for Bitcoin, and yet again we see a bullish start of the week! 

As of now, we have 3 thick green candles on a weekly timeframe with a pure dominance from buyers (we don't even have a wick on the lower side of the weekly candle body).

Markets have grown amazingly lately, and prices are expanding to the limits, which still gives us a small suspicious feeling.

As many of you know, we have been waiting for markets to have some kind of correction soon (which is normal in bullish markets and usually happens 2-4 times per bullrun).

As prices have expanded and indicators need to stabilize now (like RSI and EMAs), we are looking for 20–30% correctional movement to happen on Bitcoin, which would bring the price down to that broken zone (which we also need to re-test for healthier upward movement from there).

Remember, a 20-30% move on Bitcoin can and will result in bigger gains on ALTs, so stay safe!!

Swallow Team