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BTC/USD Technical Analysis

BTC/USD Technical Analysis

On the daily chart below, we can see that yesterday Bitcoin has reached the 25K high set in August 2022. Back then, we also had the market rallying on easing financial conditions and then got the famous Fed Chair Powell’s speech at Jackson Hole that crashed everything.

The pattern looks the same now as we’ve seen rallies in risk assets due to easing financial conditions on the back of moderating inflation, slower growth and strong labour market.

All these things combined were gi... Read More

Posted: Feb 17 2023, 09:17
Author Name: forexlive
Views: 110892

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