BTC/USDT Overview for the week

27 בפבר׳ 2023

Hey, guys ✌️

let's kick off this week with another Bitcoin overview here. On the weekends price rejected 200EMA and pushed the price to 100EMA where currently price is finding hard to breakout from. We see two possible scenarios here to happen where first one would result the push towards 25K zone and other one where price will move towards $21300 zone

What can we do now is to wait and see how price will react to both those EMA zones. For mid-term we still see the price to move to lower levels as the bullish movement we had was without any logical reason in our opinion!

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Yours Sincerely,

Swallow Team


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.