Bitcoin is giving mixed signs and there is an broken movement in the market. We bring you the complete technical analysis of Bitcoin in daily and low paintings. This will help you plan your operations for next week. We are going to immerse ourselves in what the chart says.
Bitcoin Technical Analysis – Daily Term
Bitcoin reached the main resistance level in the daily period of time and still did not find luck. The price continues to test the resistance area and sellers are very aggressive in the area. A break over the resistance area will bring a great purchase and we see a candle of God there. The daily mobile average (DMA) works as support and bulls are strong as long as the price is maintained above this level.
The market is at a crucial point and is quoted in the narrow range during the last 2 weeks. The biggest event is yet and that is the Bitcoin reserve for the United States government. An advertisement will work as fuel rocket and send the price towards the new all time.
Bitcoin technical analysis: lower terms
Bitcoin broke the symmetrical triangle last week in the direction down and after the fall, now printing a small trend channel reached. The price respects the support and resistance of the small channel. A break in the ascending address will push the price towards the next resistance of an area of ​​$ 108,000.
The volume is decreasing because the end of the month and the weekend are arriving. The market can see some measures since Monday (February 3, 2025) when the global market opens and the volume begins. The next few days are very crucial for the market and will decide the weekly impulse.
