BTCUSD Technical Analysis ...Middle East

Bitcoin has been falling steadily since the ETF approval as the market “sold the fact” but found some footing recently as the overall mood improved. On the macro front, the rate cuts expectations are a tailwind for general risk sentiment which should support the cryptocurrency further. Moreover, the market participants might also want to position long into the halving which is expected to happen in April. BTCUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that BTCUSD sold off from the 48177 resistance all the way back to the 40000 support. At some point, the price broke below the support, and it looked like we could get a major breakdown, but the price reversed soon af

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BTCUSD Technical Analysis ...Middle East

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