BTCUSD Technical Analysis: Weekly Chart

In the weekly charts, BTCUSD was trading in a down channel. BTCUSD is currently trading above all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 27500.00 & the resistance level is at 29500.00

BTCUSD was traded in a down channel before there is an upside breakout.

BTCUSD Technical Analysis: Daily Chart

In the daily charts, the BTCUSD was trading in an up channel. BTCUSD is currently trading above all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 28000.00 & the resistance level is at 29500.00

BTCUSD was traded in an up channel before there is an upside breakout.

How to Trade BTCUSD this Week:

BTCUSD will follow the uptrend until its trend reversal. So, remain bullish on BTCUSD

TRADE SUGGESTION- BUY AT 28000.00, TAKE PROFIT AT 30000.00, AND STOP LOSS AT 27000.00