Weekly Technical Analysis of Bitcoin Price 19 February

Unlike the previous similar situation for Bitcoin, the ...


 

Unlike the previous similar situation for Bitcoin, the price range of this time was broken upwards. Bitcoin has also gone through the downtrend since late November.

The next resistance, which can be blocked by Bitcoin, is $ 4,255.

In the event of a breakdown of $ 4,255, the dual floor pattern will be completed and a move toward the target of $ 5274 will begin. If Bitcoin hits resistance at $ 4,255, Bitcoin can be expected to have a lateral move.

If the $ 3,236 support breaks down, the upside will lose its credibility.