BTCUSD neutral

Two Doji Stars for Bitcoin

10 February 2022 366
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Bitcoin came close to the resistance of 45000 intending to break it down.

Two Doji Stars however which are slightly below 45000 and usually predict a reversal movement raise doubts about the following breakdown of this level.

Lines of the Stochastic indicator are in the overbought zone also hinting at an approaching decline of Bitcoin.

If today ends in the line cross of the Stochastic indicator in the overbought zone and the price remains below 45000, Bitcoinis likely to start declining to the support of 35000.

This content is for informational purposes only and is not intended to be investing advice.

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