The Taker Buy/Sell Ratio shows that the recent rebound from $33K to $43K has created some positive momentum in the market. On the other side, technical analysis is signaling a correction in the short term. Amid market ambiguity, the best bet is usually to wait it out and see what side prevails as volatility is expected.
Technical Analysis
By: Edris
Long-Term
Bitcoin is still recovering from the 50% crash from its all-time high ( $69K) in November 2021. Recently, the price has rebounded from the $33K level, breaking a major bearish trendline and crossing the psychological resistance at $40K.
This positive momentum continued and the price soared above the 50-day moving average. However, the bullish wave has come to a halt, as a bearish cross took place between the 100 and 200-day moving averages, and also, the $46k static resistance has rejected the price. Currently, the 50-day moving average is acting as a support, pushing BTC towards the resistance area once again. Therefore, a pullb
We współpracy z: https://cryptopotato.com/bitcoin-price-analysis-btc-at-a-critical-decision-point/
