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Weekly Range Update

XBT / USD weekly range 635-635- 710 | ALMA daily moving average rose upward and the main support is the VWAP at about 635.XBTUSDresistsabovetheVWAPforalmostamonth.Theresistancepricezoneis635. XBTUSD resists above the VWAP for almost a month. The resistance price zone is 710-800, I think that XBTUSD will remain above 635alsothisweekwithafirstsupportataround635 also this week with a first support at around 670, which corresponds to the ALMA moving average I use. It remains to be seen if market participants will manage to push the bitcoin price over the resistance at 710,thevolatilityafteraperiodofcontractionincreasedagainandit diditbypushinguppricesratherthandownward,apositivenotethatleavessomehopeforabreakabove710, the volatility after a period of contraction increased again and it did it by pushing up prices rather than downward, a positive note that leaves some hope for a break above 710.The RSI oscillator remains in neutral position around 50, yet there seems to be a trend strong enough to move above $ 710, at least this week. 

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