Bitcoin (BTC) has a monthly close, an event I’ve been looking forward to, as daily and weekly time frames seemed to grow, and in the $ 37,000- $ 33,000 price range, shoppers are clear that they are determined . And thanks to the monthly closing price, we have another piece in our puzzle.
Current situation at 1M BTC / USD
The appearance of the moonlight has changed a lot since the last video analysis. It used to be more or less common there Dojinow we have a two – candle formation called a bull Harami. Which is logically another signal of price growth. Even though we didn’t test $ 30,000 and didn’t consolidate the course “down” for too long, the individual high time frames offer us a few bullish signals.
But that doesn’t mean you don’t have to be careful. As I have emphasized many times, that one stock market psychology she’s absolutely crazy now. Even though technical analysis tells us that it looks good, emotions can easily wash away all technical signals in one day. The situation on the markets, on all markets, is currently extremely risky.
I must also mention that he respects bitcoin perfectly 20 months moving average. From a technical point of view, therefore, it almost makes sense why we didn’t go up to the $ 30,000. The market simply stated that the 20-month moving average is strong enough to support the rebound.
Indicators
On the moon RSI we can observe how the indicator curve respects the marked trend line. I would consider a possible breakthrough to be an extremely strong bull signal. Unfortunately monthly MACD he has long since the bearish cross.
In conclusion
When I look at all the higher time frames, it really looks bullish. But as I said, it is necessary to be careful, because the geopolitical situation has extreme dynamics and everything can turn around completely in one day. A period of great risks, but also a period of great opportunities.
ATTENTION: No data in the video is an investment board. The analysis does not try to predict future price developments. It serves exclusively as educational content on how to approach the market. Before you invest, do your own research and analysis, you always trade at your own risk. The kryptomagazin.cz team strongly recommends individual risk considerations!
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