A boring week for crypto investors is about to pass. In the last week, the volatility of the leading crypto Bitcoin was low, great opportunities in altcoins appeared before the investors.
The leading cryptocurrency still has not managed to surpass the critical resistance point on the weekly chart. As of this week, bears' pressures have started to be felt on the market slowly. The bears, who managed to sell hard in Bitcoin, managed to reduce the BTC price to the point of $ 44,300.
Many crypto investors, who want to use this drop as an opportunity, continue to buy BTC on the market as of this week. Bitcoin has moved upwards as individual investors and bulls continue to buy. BTC, which still cannot break the $ 46,900 resistance on the weekly chart, needs to close above this resistance level in the coming weeks.
If it fails to pass this resistance level in the next week, the selling pressure on BTC may increase. With this selling pressure, BTC could decline to the $43,000 weekly support. Closings, which may come above the $46,900 resistance, can explode Bitcoin to the critical resistance of $ 52,000 in a short time.
On the weekly chart of Bitcoin, it is observed that there is a bullish cross on the MACD indicator. MACD Bull Cross could play a leading role in Bitcoin breaking the critical resistance of $52,000 in the coming weeks.
According to the data of CoinGecko, one of the known platforms of the crypto money market; Bitcoin (BTC) price is hovering around $46.536.43 at the time of writing. Also, the last 24-hour trading volume of BTC is $18,348,358,547. Bitcoin (BTC) price is up 0.9% in the last 24 hours. There is a circulating supply of 19 Million BTC coins, with a total supply of 21 Million coins.