News

BITCOIN MONDAY  – Bitcoin RSS

14 February 2022 | ZebPay Trade-Desk BTC was sharply rejected at the $45K level last week, what was once a core support threshold has since turned to resistance, one likely to hold for the time being. The hot miss on the CPI report and short-term profit both drive the current price action. Since then the […] The post BITCOIN MONDAY  appeared first on ZebPay | Buy Bitcoin & Crypto.

14 February 2022 | ZebPay Trade-Desk

BTC was sharply rejected at the $45K level last week, what was once a core support threshold has since turned to resistance, one likely to hold for the time being. The hot miss on the CPI report and short-term profit both drive the current price action. Since then the asset has been on a downtrend, down 10% over the weekend.

BITCOIN after making the low of $32,933 surged almost by 39% and made a high of $45,855. The asset faced stiff resistance at $45,000 (Horizontal Trendline) and witnessed some profit booking. BTC is trading in red for the fifth straight session but with declining volumes. If the price holds and sustains the support zone from $39,500 to $40,000 then the bulls may resume the up move. Once it breaks and closes above the resistance of $45,000    then the prices can rally up to the $50k mark.

Key Levels:

Support 2 Support 1 Asset Resistance 1 Resistance 2
$35,000 $39,500 BTC $45,000 $53,000

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation, or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness, or reliability of the information, opinions, or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.

The post BITCOIN MONDAY  appeared first on ZebPay | Buy Bitcoin & Crypto.




Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button