Bitcoin Big Picture Levels
UPDATE #BTC levels.. A break of 35.9k opens move to 34.5k looks like it could send it much lower toward a target near 26k-30k.
#Bitcoin support levels: 36,300 / 34,500 / 33,000 / 29,000 / 26,300
Bitcoin resistance levels: 38,800 / 39,250 / 40,000-40,200 / 45,800 / 50,000
The facts are: Bitcoin isn’t a good hedge against inflation when Fed is tightening. It’s not really leading into a favorable seasonality trend for end of Feb into March. Google search trends peaked in 2021.
USD strength = BTC sells off (most likely) / The mechanics of a credit unwind are essentially a short squeeze on the deflating (appreciating) fiat currency. What is the main denomination of Bitcoin? = USD
#Bitcoin support levels: 36,300 / 34,500 / 33,000 / 29,000 / 26,300
Bitcoin resistance levels: 38,800 / 39,250 / 40,000-40,200 / 45,800 / 50,000
The facts are: Bitcoin isn’t a good hedge against inflation when Fed is tightening. It’s not really leading into a favorable seasonality trend for end of Feb into March. Google search trends peaked in 2021.
USD strength = BTC sells off (most likely) / The mechanics of a credit unwind are essentially a short squeeze on the deflating (appreciating) fiat currency. What is the main denomination of Bitcoin? = USD
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.