Bitcoin Price Analysis: BTC at a Critical Decision Point - BitcoinEthereumNews.com
BitcoinBitcoin Price Analysis: BTC at a Critical Decision Point02 / 13 / 2022बिटकॉइन एथेरियम समाचार The Taker Buy/Sell Ratio shows that the recent rebound from $33K to $43K has created some positive momentum in the market. On the other side, technical analysis is signaling a correction in the short term. Amid market ambiguity, the best bet is usually to wait it out and see what side prevails as volatility is expected. तकनीकी विश्लेषण द्वारा: एड्रिस दीर्घावधि Bitcoin is still recovering from the 50% crash from its all-time high ( $69K) in November 2021. Recently, the price has rebounded from the $33K level, breaking a major bearish trendline and crossing the psychological resistance at $40K. This positive momentum continued and the price soared above the 50-day moving average. However, the bullish wave has come to a halt, as a bearish cross took place between the 100 and 200-day moving averages, and also, the $46k static resistance has rejected the price. Currently, the 50-day moving average is acting as a support, pushing BTC towards the resistance area once again. Therefore, a pullback to the $39k area seems possible if bulls fail here. स्रोत: TradingViewलघु अवधि स्रोत: TradingView Looking at the 4-hour time frame, it is evident that a massive RSI bearish