BITCOIN: Trend is your friend.
Updated
Bitcoin's technical indicators support the newly formed bullish narrative. Traders should keep a watch on Bitcoin because an upsurge and volatility are likely.
Bitcoin's price may rise once more.
Bitcoin is trading in a range after gaining 5% on January 17. According to the Binance exchange API, the 5% uptick saw the most Bitcoin transactions this year, with $495,000 transactions taking place during the uptick. The rise came just one day after the bears forged a 3% loss, which also happened to be the highest volume day at the time, with around $450,000 in transactions. On January 17, the bearish candle was virtually totally reversed as the bulls closed above the previous day's opening price of $24,569.
A new surge higher into the weekly closing for BTC price coincides with questions about the motivations of high-volume Bitcoin exchange dealers.
Bitcoin hit $25,000 for the third time on Feb. 19 as the crucial weekly close loomed.
Bitcoin's price may rise once more.
Bitcoin is trading in a range after gaining 5% on January 17. According to the Binance exchange API, the 5% uptick saw the most Bitcoin transactions this year, with $495,000 transactions taking place during the uptick. The rise came just one day after the bears forged a 3% loss, which also happened to be the highest volume day at the time, with around $450,000 in transactions. On January 17, the bearish candle was virtually totally reversed as the bulls closed above the previous day's opening price of $24,569.
A new surge higher into the weekly closing for BTC price coincides with questions about the motivations of high-volume Bitcoin exchange dealers.
Bitcoin hit $25,000 for the third time on Feb. 19 as the crucial weekly close loomed.
Comment
Previous AnalysisComment
TODAY!
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.