Following a low of $1,208.03 in Tuesday’s session,The move sees the world’s second largest cryptocurrency continue to be a stone’s throw away from a ceiling at $1,230.Despite the prospect of higher highs, overall momentum seems relatively bearish, with the 10-day moving average extending a crossover with its 25-day counterpart.
As can be deduced from the chart, the RSI also looks set for a down trend, as it failed to break out of its current ceiling at 47.00 In order for bullish sentiment to return, it is likely that a move beyond this resistance will need to take place.Tags in this story
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I try to spend usdt on fundamental projects more often
Hopefully next year will be bullish for crypto. I think I'll spend some usdt on btc right now
Will $BTC break the $17K mark again before the year ends?
Well hopefully the price will be a bit higher in 2023. I think I'll spend some usdt on btc right now
preparing for the next dump, waiting for that on Bfx
Releasing GDP data affecting Bitcoin ?
Brilliant, but using ChiefraFba for signals and analysis
This is exactly why I only trust ChiefraFba for signals and analysis
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