Bitcoin Rally Stalls; Support at $40K, Resistance at $46K

February 15, 2022

The RSI on the weekly chart continues to rise from the most oversold level since March 2020, which preceded a strong price rally. Momentum signals are also improving on the weekly chart, which is constructive so long as support above $30,000-$40,000 holds.

Source

Spread the love

Related posts

• 

  May 23, 2024 boss 0

  Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So

  Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be...

  News Other Crypto News 

• 

  May 23, 2024 0

  Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows

  On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000....

  CryptoX News News 

• 

  May 23, 2024 boss 0

  Crypto industry doesn’t need Bitcoin anymore

  In an interview posted Thursday, Charles Hoskinson called the Bitcoin following a ‘religion’ and unsustainable.  Hoskinson,...

  Bitcoin News News