empty
 
 
12.02.2024 05:45 PM
Trading Signals for BTC/USD (Bitcoin) on February 12-14, 2024: buy above $47,500 (upside potential - 8/8 Murray)

This image is no longer relevant

Bitcoin is trading around 47,874.90, below the high it reached in early January, and above 6/8 Murray which has now become a strong bottom. According to the daily chart, Bitcoin has bullish potential. In the coming days, it could likely reach the psychological level of $50,000.

We believe that Bitcoin is within a strong bullish trend zone. So, with any technical correction, while trading above the 21 SMA located at 43,422, the outlook will remain bullish.

The daily pivot point is located around 47,500. As long as Bitcoin consolidates above this area, there is strong upside potential to buy with targets at 48,437, at the high reached so far of 48,984, and at the top of the uptrend channel around 49,200. The ultimate bullish target is at the psychological level of $50,000.

In case there is any technical correction, Bitcoin could find a strong rebound from 46,875 (6/8 Murray) which could be seen as a signal to buy with the target at 8/8 Murray located at $50,000.

In case Bitcoin falls below 6/8 Murray, the technical correction could extend and the price could reach the key 4/8 Murray zone located at 43,750.

Our outlook remains positive for Bitcoin. Any pullback as long as it trades above 46,875 will be seen as a signal to buy. We can buy now BTC at the current price levels only if it trades above 47,500. The eagle indicator is giving a positive signal which supports our bullish strategy.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget