Bitcoin Weekly Chart
We can see a green candle after two common doji candles on the BTC weekly chart indicating that there is less selling pressure
BULLISH RSI: We can also see a bullish RSI divergence on the weekly chart which indicate that BTC can bounce in the coming weeks.
MACD is also showing the same that shorters are weakening
Support : Apart from $15,500, BTC has a 400-weekly support at $13,716 and $12,000 where smart money would likely enter the market.
Resistance: $17,200/$18,400/$21,000 is the resistance for BTC
TREND: Market is very much in the same range which we saw in 2018/19 when BTC broke $6000 and remained few months between $3200-$4500 and jump towards $14000 in June 2019
EVENTS:
Dec 13: US CPI data
Dec 14: FOMC meeting
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