Continuing its pricing in the narrow band range of 41900 - 42600 before the extraordinary Fed meeting, Bitcoin continues to be under pressure from the 42350 level, which is of high importance both technically and psychologically. It should be noted that Bitcoin and other cryptocurrencies are in a bear market and possible response purchases are limited. In case the selling trend continues, the critical support level of 41500 continues to be up to date. It should not be forgotten that the 42600 resistance level must be overcome and a permanence above this level must be ensured in order for the upside perception to gain momentum in the short term. In the event of such a scenario, 44900 main resistance level can be targeted.

Support: 41900 – 41500 – 40800

Resistance: 42600 – 43400 – 44900

2022-02-14 14:15:31

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