Bitcoin price dumps in correction

After more than a week of bullish sentiment and positive price action, bitcoin has dropped noticeably in price. Let’s check out where we are on the charts!
1-Week chart
Image Courtesy: TradingView.com
Bitcoin, on the weekly chart, showed strength early in the week. The asset, however, did not quite reach the red zone of potential resistance lying above. Price spent considerable time in that area previously, making the range a possible formidable opponent in the days ahead. This market val