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Bitcoin Price Analysis Feb.8: Bitcoin Finally Broke Up, What’s Next?
After two more days of consolidation, Bitcoin finally made a slight move: the last two 4-hour candles were neat and green and brought the coin back above the $3400 resistance level. Looking at the daily chart as of now, the descending trend-line got broken up. However, there is still time until the daily candle closes. In case the daily candle confirms a breakout, followed by a decent amount of green volume, it could be a very positive sign for Bitcoin’s short-term. Looking at the 1-day & 4-hour charts • The daily chart’s RSI: RSI is currently facing a resistance trend-line, as of writing this update. To ... (full story)