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Friday, February 17, 2023

BTC The most important level for bulls in 2023

BTC The most important level for bulls in 2023

Bitcoin / U.S. dollar BITSTAMP:BTCUSD


Bulls did great work since starting of 2023
By pumping BTC from 16k to 25k (more then 50% gains)
Now we are reached the most challenging level for bulls in 2023 which its 25k in weekly chart

In the chart you can see :
1– it was the level of last Higher low
2– Convergence of 50w ema and 200w ema first time in history
3– Horizontal resistance which rejected price twice before ( Bullish rejection in may 2022 and bearish rejection in august 2022)

the most important level is 25k everything else is just noise . I want to see massive candle in weekly chart above this level to end the bearish structure as it would be the first higher high after the top in November 2021

Appreciate any support by likes and follow for more analysis

Via TradingView Ideas

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