BTC USD analysis
Daily chart
By: Masih Rizvani_Ph.D
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the chart is forming the opposite head and shoulder
It is also moving towards the top of the channel .
Based on the fundamental news of the USD and DXY, i expect to break the top of the channel and rise to the area between 32,000 and 34,000 , touch the Bold black trend line
Daily chart
By: Masih Rizvani_Ph.D
----
the chart is forming the opposite head and shoulder
It is also moving towards the top of the channel .
Based on the fundamental news of the USD and DXY, i expect to break the top of the channel and rise to the area between 32,000 and 34,000 , touch the Bold black trend line
The broader crypto market has continued its unforeseen surge this year, with Bitcoin briefly reaching the $23,000 level after rising over 10% in the past 24 hours.
Global crypto market capitalization rose over 6% overnight to $1.04 trillion after losing the $1 trillion threshold last November.
The surge comes despite the Genesis collapse last week, which could have potentially scared off investors. Even so, onchain metrics suggest investors have begun to position for the next bull rally.
Cryptoanalytics platform Santiment linked the recent spike with a huge interest from whales, while mining firm Riot Platforms predicted that Bitcoin's value is likely to continue to rise to $25,000 as fundamentals keep improving.