empty
 
 
16.02.2023 03:20 PM
Bitcoin analysis for February 16th, 2023.

This image is no longer relevant

Red line -horizontal resistance

Black lines- Bearish RSI divergence

Bitcoin is in a bullish mode making new highs close to $25,000. Price broke above all short-term resistance levels and provided several bullish signs over the last couple of days. Price has reached the horizontal resistance level of $25,000 where we saw it getting rejected back in July. Despite the new higher high in price, the RSI is lagging behind providing a bearish divergence. Over the last 7-8 months Bitcoin has made no real progress as price has mostly moved sideways. Recapturing $25,000 would be a sign of strength and could be a promise for higher levels towards $30,000. Support at recent low of $21,383 becomes even more important now that price is making new higher highs.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback