Bitcoin will rise to $10000 or down to $6000?

In spite of the Stock market crashes and the economy going down. Bitcoin still holding on to the market. Bitcoin BTC/USD had a bearish start to Saturday as the price dropped from $8,828.50 to $8,810. The price is currently consolidating below the $9,000 level. The price of showing a bullish momentum in the daily trend. Whereas in the week candles it has reached the level of Resistance from where it can fall down further as a retracement.

Bitcoin daily chart

As we can see them in daily charts the bitcoin USD is around $9000 which is acting as the great resistance as we can see in the daily charts. Whereas on the weekly charts we can see a purely Bullish engulfing candle for the month of April. In spite of the Stock market crashes and the economy going down. Bitcoin still holding on to the market.

Bitcoin weekly chart

Note- All the discussion is for educational purpose.

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