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BTCUSD Technical Analysis

On the daily chart below for BTCUSD, we can see that the price recently broke above a key resistance level that was set in June 2021. Like gold, bitcoin has been on an incredible rally since the collapse of the Silicon Valley Bank. Maybe that’s why Bitcoin is called “the digital gold”. In fact, Bitcoin started to correlate with traditional assets since the covid pandemic because of wider adoption by retail and institutional traders. We can see it selling off in times of risk-off sentiment like o... Read More

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Btcusd

Technical

Analysis

Forex

Posted: Apr 14 2023, 08:28

Author Name: forexlive

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