Bitcoin has been in downtrend from $69,000 to $33,000 in last 80 days.
Here's my take:
On the chart there is a breakout in the RSI, last time this happened was in July 2021 and BTC went from $32k to $69k.
MACD in 1 day chart is also green.
Global markets have recovered and DOW finished at a weekly high. This will give confidence to the market.
FED meeting announced interest rates will be left un change with a new roadmap coming in the March FOMC meeting.
Expect a recovery in global market in the coming weeks.
If USA market stable than BTC can have good recovery and February will be a green month
Here's my take:
On the chart there is a breakout in the RSI, last time this happened was in July 2021 and BTC went from $32k to $69k.
MACD in 1 day chart is also green.
Global markets have recovered and DOW finished at a weekly high. This will give confidence to the market.
FED meeting announced interest rates will be left un change with a new roadmap coming in the March FOMC meeting.
Expect a recovery in global market in the coming weeks.
If USA market stable than BTC can have good recovery and February will be a green month
Not
Please leave any questions or comments on my analysis:)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.