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Nova Trading | WEEKLY BTC UPDATE | 12 NOV - 18 NOV 2021

So after a few weeks of reaching ATH over and over, BTC seems to have stagnated on 69k. We had a decent rejection and are now trading at 64k. What can we expect for the next week? Well at this moment we are at a crucial point in the chart. BTC does not seem very strong at this point, however, we are consolidating right above the mid-term uptrend-line, meaning we could have a good bounce anytime soon. If we don’t make a decent bounce on this uptrend line I would imagine BTC to go on a downtrend move for at least a couple of days. The following chart is something im watching closely for the next couple of days. I...

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