BTCUSD neutral

Two Doji Stars for Bitcoin

10 february 2022 66
Elena_Berseneva
Elena_Berseneva

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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.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segment "Indices"
2nd in the segment "Currencies"
3rd in the segments "US stocks" and "Oil and gas"
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