Bitcoin Short-Term Mixed Signals | Bots Set To Sideways

٢٨ فبراير ٢٠٢٢

Bitcoin is likely to bounce back up to the $40,000 resistance level.

The more this resistance level is challenged/hit, the weaker it becomes.

We can see prices moving above EMA50/EMA100 on this 1H chart.
(Candle closure needed for confirmation.)
MA200 has also been left behind.

We have a higher low compared to 21-24 Feb.

We have some red candles but notice that the volume is really low.

The bots are set to sideways consolidation...
When they are switched to up or down, we will see it by strange patterns/candles coming up on the chart.

Good morning.

Namaste.