BITCOIN On Edge. Support Levels CRITICAL

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In this video, we take a data-driven approach to analyze the current state of Bitcoin. We examine the weekly chart and discuss the significance of Bitcoin breaking above the 20-week moving average. However, there is a concern about a potential bearish divergence in momentum.

We zoom in on the daily and hourly charts to explore short-term targets and trends. Bitcoin's movement within a falling channel on the hourly chart becomes crucial in determining its next direction. The target levels and moving averages on the daily chart are also significant factors to consider.

Ultimately, we discuss the possibility of Bitcoin falling back into the apex of a rising wedge on the macro scale, particularly if it fails to hold support and consolidate within key levels. The focus is on the 20-week moving average and the potential implications of Bitcoin's interaction with it.

Join us in this analysis and share your thoughts on Bitcoin's future direction. Don't forget to subscribe and like the video for more insights.

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