BTCUSD neutral

The next attempt of Bitcoin to return to $45,000

16 february 2022 83
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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Bitcoin has been trading below $45,000 during one and a half months.


Though attempts to overcome this level are continuing.


Just last week, yet another attempt was unsuccessful. But having pullback down a little, Bitcoin again returns to storm the level.


The line of the relative strength index is directed upwards and has not entered the overbought zone yet which implies some growth of the cryptocurrency.


If the target is still achieved, we can see this within a couple of days, the growth to the next level of 51,000 is probable, otherwise it will be the decline to $35,000.

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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