您现在的位置是:Bitcoin jumps above $20k for the first time since last November >>正文
Bitcoin jumps above $20k for the first time since last November
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛63人已围观
简介Bitcoin hodlers felt a bit of relief recently. After making a new all-time high in 2021, Bitcoin ent...
Bitcoin hodlers felt a bit of relief recently. After making a new all-time high in 2021, Bitcoin entered the bearish market territory and declined throughout 2022.
Everything last year was bearish Bitcoin, starting with the negative sentiment surrounding the crypto industry and ending with the general US dollar strength.
But those looking at small details, especially technical ones, noticed some encouraging facts in the last months. First, the market formed a falling wedge pattern in the last several months – a bullish reversal pattern.
Second, the Relative Strength Index, one of the most powerful technical oscillators, showed a bullish divergence since the last quarter of 2022. Third, the current rally eyes key resistance level, one that might turn out being a pivotal one.
BTCUSD chart by TradingView
Falling wedge confirms the reversal
On its way up, Bitcoin climbed above $20k for the first time since last November. In doing so, it triggered massive crypto short liquidations, that topped $100 million in last week’s trading.
In other words, the upward move has caught shorts by surprise.
Technical traders have spotted the potential falling wedge pattern seen above. However, until the market broke its upper edge, it was difficult to call for a reversal to be in place.
Now that it did, Bitcoin remains bullish as long as the lows hold.
RSI bullish divergence has been in place for several months
Another bullish sign came from the RSI. A bullish divergence in red on the chart above warned about a possible reversal. Coupled with the falling wedge pattern, it was just another bullish clue to watch in the last months.
$30k looms large for Bitcoin bulls
The big question now is – what comes next? The technical dynamics are quite simple for Bitcoin at this point.
If it holds above the lowest point in the falling wedge pattern, it can test the resistance seen at $30k. Judging by how strong support was in the past, the level should be pivotal, meaning that a break above should trigger more upside.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/45681.html
相关文章
Paypal Stocks Surge Following Crypto Services News
Bitcoin jumps above $20k for the first time since last NovemberPrices in bitcoin surge after the online payments giant announces its plans to release a crypto serv...
阅读更多
Analysts: Bitcoin remains bullish after breaking above $43k
Bitcoin jumps above $20k for the first time since last NovemberThe bounce puts Bitcoin on track to consolidate gains above $40k, suggesting a fresh target lies abo...
阅读更多
Bitcoin network sets new all
Bitcoin jumps above $20k for the first time since last NovemberThe Bitcoin network recorded a new all-time high in terms of the number of active users on the block...
阅读更多
热门文章
- The Rise Of CBDCs And What They Mean For Cryptocurrencies
- Is Solana dead? Top projects flee the blockchain
- Bitcoin SV Network Sees Upsurge As BSV Conference Begins
- Bittrex now supports tokenised stocks trading
- The synthetic bitcoin market rises by 83% to hold over $700 million on the Ethereum blockchain
- The RBA forms partnership for further research on CBDCs
最新文章
Valkyrie's Bitcoin Miners ETF set to list on the Nasdaq today
Legendary investor Miller on Bitcoin: It's like insurance
Hashstack launches secure under
Luxury brands Hublot and Franck Muller reveal separate blockchain projects
Are SOL, ADA and ETH worth buying on February 3, 2022?
Grayscale On Brink Of Holding $10 Billion In Crypto