BTCUSD_D

18. Feb. 2023

According to the previous analysis, Bitcoin has made its correction in the form of a pullback by breaking the daily and weekly trend lines with the news data of the Federal Reserve and has reached the resistance ceiling of 25000 in the lower time frames. Let's consider the upward movement formed as 5 waves. In this area, we see the formation of an important resistance range of Fibo tubes, which the divergence in RSI also confirms this weakness of the trend, although if the demand pressure continues in the coming week, with the failure of this resistance, the price potential will grow up to The volume concentration area is $30,000, which can be the end of wave 5.