$BTC Analysis

2月10日

BTC Analysis

The weekly candle is looking very strong. For a downward move, it needs to close below 43.9K.

If the weekly candle closes above 45K, it's possible to see a move up to the 48K-50K zone or higher.

2月10日

ノート

As you can see, Bitcoin has been following an ascending channel on the weekly chart for a very long time.

It's currently holding the channel's midline quite well.

There are two possible scenarios:

1. The price could reach the upper channel line, which is acting as resistance. If it meets resistance there, it could then reject and fall back down to the lower channel line, which acts as support.

2. The price could reject from the upper resistance line and find support at the midline before continuing its upward trend towards 58K or 60K.

2月14日

ノート

BTC is very close to upper trendline of the ascending channel, make sure to book profits.

We can definitely see a rejection from the upper trendline to the middle line.