BTC ANALYSIS
Volume strength: Strong
RSI: Over-brought
MACD:A small Pullback may come
Exchange Inflow: Low
Overall price action is bullish after the downtrend which was started after the Russia-Ukraine crisis. Canada has came into a blessing role as there is a strong demand of Bitcoin EFT which is the reason behind 17% spike in price from last night. but we have to be careful before the confirmation of uptrend, for confirmation next 2-3 candles(1-D) need to close above 42600$ to 40900$ support zone then the price may break the 44800$ resistance which was being tested from 12th January,2022 but could not break it. Otherwise we may see a downtrend again. Now for a short period we may see a pullback but for long term we can see a bullish market.
RSI: Over-brought
MACD:A small Pullback may come
Exchange Inflow: Low
Overall price action is bullish after the downtrend which was started after the Russia-Ukraine crisis. Canada has came into a blessing role as there is a strong demand of Bitcoin EFT which is the reason behind 17% spike in price from last night. but we have to be careful before the confirmation of uptrend, for confirmation next 2-3 candles(1-D) need to close above 42600$ to 40900$ support zone then the price may break the 44800$ resistance which was being tested from 12th January,2022 but could not break it. Otherwise we may see a downtrend again. Now for a short period we may see a pullback but for long term we can see a bullish market.
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