Bitcoin Technical Analysis ...Middle East

Bitcoin has been rising steadily in February amid a positive risk sentiment as the central banks ended their tightening cycles and are now looking for the right moment to start easing their policies. Recession fears have also dissipated with resilient economic data and even some reacceleration lately. Moreover, the market is also looking forward to the halving event set for April. Bitcoin Technical Analysis – Daily TimeframeOn the daily chart, we can see that Bitcoin continues to surge to new highs amid a positive risk sentiment and lots of FOMO. The price is now a bit overstretched as depicted by the distance from the blue 8 moving average. In such instances, we can generally see a pullback

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Bitcoin Technical Analysis ...Middle East

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