BTC facing Resistance around 45K
Updated
I am just studding the market and seeing the resistance at 45K.
on big picture of the analysis we are in consolidation phase of bitcoin weekly time frame.
if we see in one day time frame we saw the rejection at the same price level on 2nd of march 2022.
this rejection is also performed on 10th Feb and 16th of Feb 2022.
if forms triple top on daily time frame in last 45 days.
if price brakes the resistance then we see the price around 48K .
if i am wrong please leave a comment so i can learn more to get market knowledge
on big picture of the analysis we are in consolidation phase of bitcoin weekly time frame.
if we see in one day time frame we saw the rejection at the same price level on 2nd of march 2022.
this rejection is also performed on 10th Feb and 16th of Feb 2022.
if forms triple top on daily time frame in last 45 days.
if price brakes the resistance then we see the price around 48K .
if i am wrong please leave a comment so i can learn more to get market knowledge
Note
If we see this chart at 1 hour time frame we see the MACD Indicator is also loosing its momentum.
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