BTC Weekly Chart Shows 'Mixed Signals'

4 พ.ค. 2020

• The past 7 weeks have been green candles fully recovering from the big drop in early March.
  
• Price is now testing resistance against a downwards trendline
  
• While MACD is up, Ichimoku Cloud indicator suggests downwards pressure. Price is inside the cloud, suggesting lack of clear direction. Cloud future is red suggesting bear sentiment. Tenkan-san line (blue MA) is below the Kijun-san line (red MA) also suggesting bear sentiment.
  

...yet the monthly closed very bullish:

With strong support some 25% lower than current price, and halving taking place next week, we watch and wait...

Best guess at this point: price drops in first half of May's candle and then recovers to close near its high, ready for an April rally.

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