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Bitcoin does not give the bulls rest. Although, the last word now belongs to them!


Good afternoon

Bitcoin retested the 22500 horizontal without canceling the previous scenario – the coin’s growth towards the resistance of 25000. A rebound from the broken horizontal is a good sign regarding the strength of the bulls to realize their plans:

Gold has tested the line of the rising channel, having issued a hammer at the same time – it has the potential for a short-term growth of the precious metal. But it is worth noting that the upward trend is still limited by the “psychological” resistance level of 2000:

Bitcoin does not give the bulls rest.  Although, the last word now belongs to them!

The British pound sterling is slowly recovering from the autumn fall. Now the price is trying to go into the correction stage, so two support lines become relevant. The first one is horizontal 1.1850. The second is the 1.1400 level, which also coincides with half (50%) of the last up move. In all two cases, it will be interesting to observe the behavior of the price at these support levels (the formation of candlestick signals):

Bitcoin does not give the bulls rest.  Although, the last word now belongs to them!

Oleg Svirgun, analyst at the brokerage company Tickmill

02/02/2023

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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