13.02.202405:52 Forex Analysis & Reviews: Trading Signals for BTC/USD (Bitcoin) on February 13-15, 2024: sell below $50,000 (overbought - 8/8 Murray)

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Bitcoin is trading around the psychological level of $50,000, near 8/8 Murray, and above the 21 SMA. Technically and according to the H4 chart, we observe that Bitcoin is showing strongly overbought signs, hence a technical correction is imminent in the next few days. The key for this scenario to occur for BTC is to consolidate below $50,000.

Bitcoin reached a new high at 50,316.93, the level last seen on December 27, 2021. BTC tried to reach the level of 50,000 in early January, but could not achieve it. This February, it resumed its bullish cycle from the low of 38,500 to the high of 50,300, accumulating a gain of more than 29%. If bullish strength continues, BTC is likely to face the next resistance around 51,562 (+1/8 Murray).

In the next few hours, we expect Bitcoin to trade below 8/8 Murray which could be seen as a signal to sell and we could expect it to reach the first support around 48,437.

The eagle indicator reached an extremely overbought level. So, a technical correction is imminent in the coming days. If BTC trades below the psychological level of $50,000, it could be a key selling point.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.