Bitcoin Drop to $34K a Bear Trap? (Weekly Forecast)

Bitcoin rallied to kick off the week to about $42K before pulling back, closing the weekly candle with a bit of a shooting star. This is a bearish candle but the jury is very much still out. Transitioning from one trend to another is a messy process, especially in crypto, so don’t expect it’ll be as easy as a linear move up to $50K.