In the last 7-day period, Bitcoin, which has risen close to 13% and reached the level of 24 thousand dollars, exceeded its 50-day moving average (MA50).
Bitcoin, which has been above its 50-day moving average for about 4 days, is expected to rise by analysts and experts.
After the fall in May of 2021 50 days moving Bitcoin, which rose above the average to 69 thousand levels, 42,000 It broke above the moving average that it broke at dollar levels for the first time.
At the same time 22,000 Bitcoin, which managed to stay above the dollar resistance, is the next target on the daily chart 28 thousand dollars as levels.
Bitcoin’s resistances on the hourly chart; 23,300 and 24,200 on the daily chart while the dollar levels $25,600 and $28,000 are levels. Support levels on hourly chart 22,300 and 21,600 Currently the strongest support of Bitcoin with dollar levels 19,000 is dollars.
At the low levels of the previous “bear season”, Bitcoin broke the MA50 and remained above the MA50 for 5 days, but fell again with a hard candle. It seems possible to see such a move with the FED’s decision that will come in about 5 days.
- The data contained in the content is strictly for informational purposes. Does not include investment advice.