Cryptocurrency analyst known as Skew attracted the attention of investors with his detailed analysis about Bitcoin (BTC).
While Bitcoin managed to make a successful comeback from the $ 38,000 band, analyst Skew focused on the current situation. Skew social media dated January 29 in the postBitcoin chart weekly, daily, 4 hourly And hourly He stated that the current outlook is positive when examining it on a basis.
First of all, Bitcoin reviewing on a weekly basis The analyst believes that nothing has changed yet in this perspective and it is still approximately We are in December, which has been going on for 8 weeks. he stated. Downward swings so far consists of liquidity clearing He noted that there was no bearish signal.
of Bitcoin daily chart Stating that it didn’t look bad at all, Skew said: 41,955 It reminded us that we are above the middle band in the dollar level. As long as we stay above the region that operates as this middle band upward momentum While implying that it will continue, he emphasized that a downward move could have bad consequences.
to the chart 4 hourly From a perspective, Bitcoin’s weekly opening level is $41,971 He wrote that he was trying to earn money and that this level was important for spot purchases to continue. weekly opening Gain of $41,971 on 4-hour chart breaking the downtrend a key role He reminded me that he could undertake it.
Finally, focusing on Bitcoin on the hourly chart, Skew has been more interested in the RSI indicator in the recent time period. On an hourly basis RSI is 50 exceeding the score and in 4 hours The experienced name stated that he could take action in case of an increase and that the price $42,000 He once again emphasized that his change would be very valuable.
According to CoinGecko data, in the last 24 hours 0.5% Bitcoin losing value at the time of writing from $42,270 is being traded.