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Week 3 (2023) BTC Bitcoin Analysis

by Jan 16, 2023Bitcoin Weekly Analysis, Weekly Analysis0 comments

Week 3 (2023) BTC Bitcoin Analysis: Bitcoin began the year on a strong note, liquidating many bearish traders as it rose toward $21,000. We mentioned this movement up to the $18,000 area in the previous analysis, and we also indicated the likelihood of divergence in the charts and stophunt, which did happen.

BTCUSDT Chart

Week 3 (2023) BTC Bitcoin Analysis we predict that Bitcoin needs to rest and correct from here, at least till it reaches the CME cap of $19200. Moving to $29,000 is not out of the question if this area is maintained.

See also  Week 47 Bitcoin Analysis

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