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BTCUSD Technical Analysis

On the daily chart below, we can see that the spike above the key resistance at 28911 was faded soon after as the price fell back below the level. The moving averages have crossed to the downside in a possible early signal that the move above the resistance may have been a fakeout and the trend is changing. The last couple of days though the price spiked again above the resistance in a move that is reminiscent of what happened after the Silicon Valley Bank collapse. In fact, the spikes started a... Read More

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Btcusd

Technical

Analysis

Forex

Posted: Apr 27 2023, 08:17

Author Name: forexlive

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