Bitcoin still steep rise |


Bitcoin went on a massive rally, which was caused by speculation about the approval of spot bitcoin ETFs, which sent the price to a new 18-month high of 37,029 on Thursday. The latest rise, however, may be known as pecan, or the RSI and the stochastic index have been in overbought for more than two weeks znch. Given that the price is currently in overbought conditions, the bears could try to reverse towards the low of the 2022 hole at 34,320 points. If it slips below this lower limit, the cryptocurrency could face the previous resistance at the level of 31,827, which was hit so hard in April 2022. Its peak could turn attention to the psychological limit of 30,000. On the other hand, if the price recovers its continued to grow, it could meet resistance at the internal swing low of 37,500 recorded in May 2022. Further attempts at growth could then stop around 40,500, which served as both support and resistance in the first half of 2022. In the future, the resistance from April 2022 at 42,980 points could be seen as a tk pekka for pekonn prices. Bitcoin has been in a steep upward trend since the beginning of January and has recorded several highs in a row. Traders should not rule out a downward correction, however, because Bitcoin seems to be extremely overbought at current levels.

Author of the link: Tm Instaforex

Please note: This information is provided to retail and professional clients as part of marketing communications. It does not contain and should not be construed as investment advice or investment recommendations, nor an offer or solicitation to engage in any transaction or strategy with financial instruments. Past performance is not a guarantee or a predictor of future performance.

Instant Trading EU Ltd. assumes no responsibility for the accuracy or completeness of the information provided or any loss resulting from any investment based on analysis, prediction or other information. Any business decision is always only an independent and influenced decision of the client.

Warning against risks: Distribution contracts are complex tools and due to the use of financial leverage, they are associated with a high risk of rapid financial loss. In 71.99% of the retail investors, the trading with installment contracts with this provider resulted in a loss. You should make sure you understand how the installment contract works and whether you can afford the high risk of losing your funds.

InstaForex is a securities trader with a long tradition, regulated by CySEC in the EU, which allows clients to trade more than 1000 investment instruments – CFDs, cryptocurrencies, ETFs, Currencies, Commodities, Indices and Shares on MT4 and MT5 platforms and Webtrader.

More information at:

The article is in Czech

Tags: Bitcoin steep rise Kurzy .cz


NEXT Decathlon started buying used equipment. Most are children’s bikes