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BTCUSD Technical Analysis

On the daily chart below, we can see that Bitcoin has been falling ever since it got to the strong 30K level, which is a key weekly support turned resistance. The price consolidated for a bit just beneath that level awaiting some fundamental catalyst to push it higher, but instead started to get strong US data that sent BTC/USD lower. The consolidation formed a symmetrical triangle, that upon a breakout lower, saw the price falling quickly to the next support at 25231. The moving averages are no... Read More

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Btcusd

Technical

Analysis

Forex

Posted: May 25 2023, 08:56

Author Name: forexlive

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