BTC Weekly Chart

BTC weekly candle chart, approximately 9:40am ET, 10/12/21.

The BTC weekly candle chart is showing lots of promise. MFI is nearing overbought territory, While the MACD looks to swing upward. Something that is interesting to note is that since May, there has been a general decrease in volume on the weekly chart. This could mean that volume could be indicating the settlement before a potential movement.

With BTC being discussed all around the world once more, there could be a potential influence on price action once more.