Bitcoin Price Weekly Outlook

Bitcoin price managed to put in a green candle on the weekly close, finally, but it wasn’t enough to hold off the bears as the price dropped sharply right after the weekly and monthly close on Sunday night. The week and month closed at $90,385, still well below the closest resistance level at $91,400. Bears will likely look to take advantage of this weak close heading into this week, and potentially push the price down below the $84,000 support level.

Key Support and Resistance Levels Now

Bulls managed to test initial resistance last week at $91,400, but sold off heavily after hitting $93,000, short of the next resistance at $94,000. Above here,…

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