Hello traders,
Here's a quick update on BTC in the 2-hour timeframe.
BTC recently rallied up to
65K and formed resistance at $64.4k. So far, BTC has maintained support at $63.9k and is continually attempting to break above the resistance.
The RSI is losing momentum, with a decline in the graph indicating a bearish sentiment.
BTC needs to break above the $64.4k resistance to continue the rally. A rejection will likely pull the price down to $61.5k, where we have a support trendline.
Make sure to do your own research and analysis before investing.
Regards,
Team Dexter.
Here's a quick update on BTC in the 2-hour timeframe.
BTC recently rallied up to
65K and formed resistance at $64.4k. So far, BTC has maintained support at $63.9k and is continually attempting to break above the resistance.The RSI is losing momentum, with a decline in the graph indicating a bearish sentiment.
BTC needs to break above the $64.4k resistance to continue the rally. A rejection will likely pull the price down to $61.5k, where we have a support trendline.
Make sure to do your own research and analysis before investing.
Regards,
Team Dexter.
Note
BTC Update:
The yellow resistance line at $64.4k remains strong for BTC; currently, we see rejection in the price action. We expect the $61.6k support to hold, followed by a rebound.
The lower support trendline at $60k can also be considered.
Trade safely.
#BTC #cryptocurrency
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.
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.