Bitcoin was still locked in last week by the ongoing resistance at around 45k. Well, this is no longer the case. Late yesterday BTC broke above that level and the top charge was really dynamic and extended further into today's Asian trading. The price jumped above 47k in recent trading. The high seen so far has been set at 47,650 and the reason for this may be due to the fact that according to reports, Russia has suggested that it will accept BTC as a payment for the gas. This is not confirmed here, but if true it would explain the move.
However, we are finally above the SMA at 50 (41775) and above the SMA at 200 (44700) which is now a good support. We need to break out of the 47500 zone to have new developments towards the 52000 zone. The stock may correct soon.
As usual, I report the weekly levels to be observed and the levels for intraday trading:
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
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