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Is Bitcoin in a Long-Term Bullish Trend?
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- The Bitcoin price has created a weekly bullish engulfing candlestick and moved above a long-term descending resistance line.
- There is weekly & daily resistance at $11,400 and $10,450 while support is found at $6500 and $9200.
- The price has been following a steep ascending support line since the March 13 bottom.
The Bitcoin (BTC) price has created a weekly bullish engulfing candlestick and moved above a long-term descending resistance line. Weekly Bitcoin Outlook In the weekly chart, the price of Bitcoin (BTC) followed a doji from the previous week by creating a bullish engulfing candlestick. It closed well into the doji resistance from last week, canceling the bearishness and possible reversal
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