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BTC/USD Technical Analysis

On the daily chart below for BTCUSD, we can see that the huge rally since the Silicon Valley Bank collapse has stalled at the $30K level, which is a key resistance from June 2021. The price is struggling to make new highs and this consolidation looks like a head and shoulders pattern right at a key resistance. The neckline in this case would be at the 26900 level and a break below should lead to 22900 as a measured target. We can also see that the entire rally since the SVB collapse has been div... Read More

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Btc

Usd

Technical

Analysis

Btc usd

Forex

Posted: May 11 2023, 09:04

Author Name: forexlive

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