After January's low, Bitcoin has started to rise and even has broken above 45k resistance.
However, this break has proven to be a false one and after a few days of consolidation above that level, the price has rolled back down under.
Looking at the daily posted chart we can see that the rise is corrective in nature, lacks impulse, and is drawing a flag.
Now the price is above 43k local resistance and a break here would expose the very important 40k confluence support.
A break under 40k would be very bad for bulls and could signal further losses under the previous recent low and even under 30k.
Only price back above 46k would change this outlook.
However, this break has proven to be a false one and after a few days of consolidation above that level, the price has rolled back down under.
Looking at the daily posted chart we can see that the rise is corrective in nature, lacks impulse, and is drawing a flag.
Now the price is above 43k local resistance and a break here would expose the very important 40k confluence support.
A break under 40k would be very bad for bulls and could signal further losses under the previous recent low and even under 30k.
Only price back above 46k would change this outlook.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。