BTC USDT | weekly

On this chart I want to focus on the wick that has crossed the trendline. This trendline was drawn from the top of the cycle in 2017, before the blow-off top.

Unfortunately there is one open & probably will close underneath it too. This means that the 'up-trend' has now been broken with a confirmation. But this does not immediately mean that we are going to 12k of course.

There are several price areas to keep an eye on:

- 28600

- 26890

- 24298

- 19666

- 19385

- 17569

- 11989 (if we would see a long-squeeze, a wick could hit this)