Bitcoin / TetherUSShort
BTC ANALYSIS
Volume strength: Strong
RSI: Over-brought
MACD:A small Pullback may come
Exchange Inflow: Low
Overall price action is bullish after the downtrend which was started after the Russia-Ukraine crisis. Canada has came into a blessing role as there is a strong demand of Bitcoin EFT which is the reason behind 17% spike in price from last night. but we have to be careful before the confirmation of uptrend, for confirmation next 2-3 candles(1-D) need to close above 42600$ to 40900$ support zone then the price may break the 44800$ resistance which was being tested from 12th January,2022 but could not break it. Otherwise we may see a downtrend again. Now for a short period we may see a pullback but for long term we can see a bullish market.
RSI: Over-brought
MACD:A small Pullback may come
Exchange Inflow: Low
Overall price action is bullish after the downtrend which was started after the Russia-Ukraine crisis. Canada has came into a blessing role as there is a strong demand of Bitcoin EFT which is the reason behind 17% spike in price from last night. but we have to be careful before the confirmation of uptrend, for confirmation next 2-3 candles(1-D) need to close above 42600$ to 40900$ support zone then the price may break the 44800$ resistance which was being tested from 12th January,2022 but could not break it. Otherwise we may see a downtrend again. Now for a short period we may see a pullback but for long term we can see a bullish market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.