empty
 
 
06.02.2023 06:25 PM
Bitcoin technical analysis for February 6th, 2023.

This image is no longer relevant

Blue lines- bearish RSI divergence

Green line- support trend line

Bitcoin is trading around $23,000. Price has a small positive slope but it mostly looks like it is moving sideways with no clear upside momentum. Technically trend remains bullish as price continues making higher highs and higher lows. The RSI has warned that a pull back is very possible to be seen soon. The green support trend line remains intact as price respects it and stays above it. So far the recent higher highs in price have been followed by lower highs by the RSI. Usually this leads to a trend reversal in the near term. However in order to confirm such a trend reversal price must break below the green trend line. Support is at $22,650.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
赚取InstaForex的加密货币利率变化
下载MetaTrader 4并开始您的第一笔交易
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Technical Analysis of ETH/USD for March 30, 2023

Crypto Industry News: The European Banking Federation (EFB) has published a document detailing its vision for the digital money ecosystem of the future, and in particular the retail digital Euro

Sebastian Seliga 08:29 2023-03-30 UTC+2

Technical Analysis of BTC/USD for March 30, 2023

Crypto Industry News: The head of the US Securities and Exchange Commission (SEC) Gary Gensler will address the House of Representatives Financial Services Committee for the first time

Sebastian Seliga 08:28 2023-03-30 UTC+2

BTC update for March 30,.2023 - Key resistance level on the test

Technical analysis: BTC/USD has been trading upside as I expected and the price reached upside objective at $28.600. Key resistance level is on the test. Due to the test

Petar Jacimovic 08:10 2023-03-30 UTC+2

Peter Schiff: Bitcoin will fall to zero sooner or later

The image is significantly more powerful in the 4-hour time frame. The value of bitcoin has rapidly increased and has easily surpassed the $25,211 mark. Of course, the "black swan"

Paolo Greco 16:48 2023-03-29 UTC+2

Microstrategy continues to buy Bitcoin coins

The price of bitcoin has recently increased to $29,000, not far from where it has been for the past two weeks. Recent price changes have not been significant

Paolo Greco 16:37 2023-03-29 UTC+2

Bitcoin analysis for March 29th, 2023.

Bitcoin is trading around $28,300. Short-term trend is neutral as price is mostly moving sideways. Price has made no real progress over the last 10 sessions. Price is trading inside

Alexandros Yfantis 14:30 2023-03-29 UTC+2

XRPUSD reaches our next target at $0.57.

In our previous analysis we noted that XRPUSD was in a bullish break out mode and that upside potential was towards $0.57 and the September 2022 high. Price today reached

Alexandros Yfantis 14:25 2023-03-29 UTC+2

Bitcoin continues to move sideways, but the clouds are gathering: what to expect in the near term?

The previous bullish week ended and left the cryptocurrency market in a state of increased volatility. The market has been consolidating and moving sideways for the fifth day to stabilize

Artem Petrenko 11:16 2023-03-29 UTC+2

BTC and ETH heading to new highs

Bitcoin remains firm near the lower limit of the sideways channel at $26,700, following the news about Binance's troubles in the United States. As a reminder, the US Commodity Futures

Jakub Novak 09:13 2023-03-29 UTC+2

Technical Analysis of ETH/USD for March 29, 2023

Crypto Industry News: Lawmakers in Europe are working hard on regulations that will apply to the cryptocurrency market. However, it is not known when and what will be the final

Sebastian Seliga 08:45 2023-03-29 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.