Bitcoin (BTC) technical analysis

٨ يناير ٢٠٢٢

So, Bitcoin is moving, so far, according to the last analysis. It came down and touched the thick horizontal support line. Since the downward momentum is strong and it came down quicker than expected, the thick horizontal support line will most likely break too. If so, there are two horizontal support lines ahead, the first is a minor and the second one is a major horizontal support line. Anyhow, it is too soon to predict at which line Bitcoin might change direction as there are many other factors at play. However, there are three signs which would definitely tell us something about the trend change; the break of the downtrend line and then having higher high and low, also don’t forget the increase in buy volume.