I noticed an interesting development on the weekly charts for bitcoin. A "Hammer Candlestick" formation has formed following the bounce off last week's low on the 55 Weekly EMA.
According to most traders and pattern theorists, this is a bullish signal and does provide a strong probability that we will see bitcoin's price continue higher in the coming weeks, so long as the buyers continue supporting the market and suppressing the sellers.
Bitcoin had a similar formation way back in 2015 as indicated above. Again the price at that time bounced off the >quote55 Weekly EMA.
Let's see what the coming weeks bring. Peace.