BTC Bitcoin Technical Analysis

6 Feb 2022

Taking a look at bitcoin at the moment, it has pumped now testing a big level of resistance. I know others have claimed that this is off to the moon and there's a trend reversal in play however I dont see a trend reversal at this point. I see this as a retrace re-testing resistance and if we get a break and re-test fail of the current resistance level, then we might have something. There's no trade setup it's currently range bound and if anything I would think we see a pull back given how overextended this is at the moment. Not financial advice.