Bitcoin recovers from weekly low

in LeoFinance17 days ago

The BTC week

After we saw Bitcoin fall to 74k on Monday, the week finishes quite nicely. We recovered to currently about 84k which is a double digit rise. The weekly chart still looks quite good and we can expect some more bullish action this year.

To the downside the 70-74k area is a major support and in the other direction we nees to cross that 88-90k barrier before we can hope for new ATHs.

What do you expect for the coming week? My current guess is volatility. 😂

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There was some good news that tariffs have been suspended for three months, so a recovery was visible in the market, but some time ago, a coin called OM was rugpull, so due to this, the market will come down a little and then recover because the chances of interest rates decreasing are high this time.

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Hive is going to recover as well
Nice one!

It will stay like this for a few more days, I think it may go down even further But the price will start to rise soon so now is a great opportunity to buy some bitcoins