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Bitcoin Technical Analysis Report 10 January, 2025
Bitcoin cryptocurrency recently reversed up from the support zone located between the support level 92300.00 (which has been reversing the price from the end of November, as can be seen from the daily Bitcoin chart below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the sharp upward impulse from November. The upward reversal from this support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – strong buy signal for Bitcoin. Given the overriding daily uptrend and the strength of the aforementioned support zone, Bitcoin cryptocurrency can be expected to ... (full story)
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- Posted: Jan 10, 2025 3:48pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 534
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