Tuesday 9 February

On Tuesday, February 9, trading in the BTC / USDT pair ended with a slight increase. Bitcoin rose 0.10% to $ 46420. In the Asian session, the price once again updated ATH, reaching $ 48142 on Binance. Growth from the news that Tesla has invested $ 1.5 billion in Bitcoin was + 23%.

As of this writing, the main cryptocurrency is trading at $ 46,200. The past week ended in a bullish formation with engulfing January bearish bodies in two weeks. Buyers have broken through $ 41,950 (Jan 8 high) this week, opening their way to new highs.

Bitcoin looks long. After a short consolidation, growth is expected to continue above the psychological level of 50 thousand. On the hourly timeframe, levels of $ 49,900 are seen today and for a sharp rise - $ 52,500. On the TF, below the hours of resistance are at the levels of $ 47600, $ 48700 and $ 50350 (who catches intraday fluctuations), support - at $ 44800, $ 43660 and $ 42061. There are many people who want to get on the train, so the falls will be bought out, and the price will move upward by inertia as long as there is enough volume.

The $ 42745 level (50% of the rise from $ 37351 to $ 48142), the breakpoint for the last upward movement. If the cue-ball does not update the maximum during the day, the probability of a correction to 38 thousand will increase to 80%.

Posted Using LeoFinance ^Beta