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BTC/USD Technical Analysis

BTC/USD Technical Analysis

On the daily chart below, we can see the Bitcoin price rejected the high at 24245 printed in summer 2022. The risk sentiment is what mainly drives the crypto market and the recent developments on the interest rates side may be a headwind for the market.

We saw a dip recently, but the main event will the US CPI report next week. If that beats expectations, we should see a big risk off sentiment kicking in, sending the price of Bitcoin much lower. The first Read More

Posted: Feb 10 2023, 13:07
Author Name: forexlive
Views: 082377

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