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Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Bitcoin%20Price%20%28BTC%29%20Uptrend%20Intact%20%26%20Dips%20Remain%20Attractive%20To%20Buyers

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Transcript:

0:00:00 Bitcoin Price (BTC) Uptrend Intact & Dips Remain Attractive To Buyers

0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:11 A fresh yearly high was formed at $5,465 before bitcoin corrected lower against the US Dollar.

0:00:19 The price started a downside correction and traded below the $5,200 support level.

0:00:25 There was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC/USD pair.

0:00:34 The pair tested the $4,950 support area and it seems like there are many supports on the downside.

0:00:41 Bitcoin remains in a strong uptrend despite the recent correction below $5,200 against the US Dollar.

0:00:48 BTC is likely to find buyers near soon and it could bounce back above $5,150.

0:00:55 Bitcoin Price Weekly Analysis

0:00:58 There was a steady rise in bitcoin above the $5,350 level this past week against the US Dollar.

0:01:05 The BTC/USD pair even broke the $5,450 level and traded to a new yearly high at $5,465.

0:01:15 Later, there was a downside correction and the price broke the $5,400 and $5,350 support levels.

0:01:23 Sellers gained pace once the price broke the key $5,200 support area.

0:01:29 There was even a break below the 50% Fib retracement level of the last wave from the $4,702 low to $5,465 high.

0:01:39 Moreover, there was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC/USD pair.

0:01:48 Sellers pushed the price below the $5,000 level and the price tested the $4,950 support area.

0:01:56 Besides, there was a test of the 76.4% Fib retracement level of the last wave from the $4,702 low to $5,465 high.

0:02:07 Recently, the price recovered above the $5,050 level, but it faced a strong resistance near the $5,130 level.

0:02:16 The stated $5,130 level was a support earlier and now it is acting as a hurdle for buyers.

0:02:23 It seems like there might be another downside push towards the $4,950 or $4,900 support levels before the price starts a fresh increase.

0:02:33 The $4,800 level is also a strong support since it is a pivot area and coincides with the 100 simple moving average.

0:02:41 Therefore, if there are more downsides, the price is likely to remain supported near $4,900 or $4,800.

0:02:50 Looking at the chart, bitcoin is clearly trading in an uptrend as long as it is above $4,800 and the 100 simple moving average.

0:02:58 If there is a close below the 100 SMA, the price could decline towards the $4,500 level.

0:03:05 Conversely, the price is likely to bounce back above $5,150 and $5,200 in the near term.

0:03:13 Technical indicators

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