*Technichal Analysis*
Bitcoin for Feb 2023
Bitcoin is on the resistance zone A
Zone A is big resistance by daily, weekly, monthly charts.
If bitcoin will move higher, it have to get on the $23,000 to support line C(at least one month).
This time is good to protect the value of assets and
make some profit that u have position on zone B.
If C support line will do not work,
price will move lower to the D support line directly.
At the C support zone will be work, bitcoin can move higher to $28,000-29,000.
(overshoooting to $32,000)
In other words, C support line is good to buy for a short term.
D support line is good to buy for a mid term.
E support line is good to buy for a long term.
Bitcoin for Feb 2023
Bitcoin is on the resistance zone A
Zone A is big resistance by daily, weekly, monthly charts.
If bitcoin will move higher, it have to get on the $23,000 to support line C(at least one month).
This time is good to protect the value of assets and
make some profit that u have position on zone B.
If C support line will do not work,
price will move lower to the D support line directly.
At the C support zone will be work, bitcoin can move higher to $28,000-29,000.
(overshoooting to $32,000)
In other words, C support line is good to buy for a short term.
D support line is good to buy for a mid term.
E support line is good to buy for a long term.