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BTC: Climb to High
2023-01-13
1171
Fundamental analysis:
Bitcoin remained volatile around 18847. Thomas Moser, an alternate member of the Swiss National Bank Council, said that he did not think it was necessary to issue a central bank digital currency. Central banks around the world are exploring the use of CBDCs, CNBC’s Arjun Kharpal reports.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum climbed up at a high level, short-term bullish sentiment emerged, the market bulls continued to rise, the MACD indicator continued to rise in the bullish zone, and the RSI indicator hovered at a high level in the bullish zone;
Long-short turning point: 18742
Repression: 19011, 19202
Support: 18571, 18400
Trading strategy: Bullish above 18742, target 19011, 19202
Alternative strategy: bearish below 18742, target 18571, 18400
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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