Bitcoin is finally bouncing today with its largest daily gain since October 15th. But BTC bulls aren’t out of the woods just yet.
Today’s issue discusses what Bitcoin needs to do to continue its bullish ways next week, including key levels to watch.
I’ll also provide updates on the DXY engulfing week, ETH, LINK, and WEAPON.
Let’s get started!
US Dollar Index (DXY)
The DXY is approaching its weekly close and is at risk of giving up last week’s open. That’s significant because any weekly close below 95.63 confirms a bearish engulfing on the weekly chart.
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