Bitcoin daily chart analysis 16/09/2022

in LeoFinance2 years ago

$19800 is the price at which bitcoin is still currently moving at , the ethereum merge is not really having the expected results on the crypto market for now , maybe things might later change anyways...

The bitcoin daily candle is currently with the green candle , it is presently bullish and the RSI is also confirming the bullish move on the daily time-frame.

There is a present strong resistance at $22,715 , so even if the bitcoin is bullish for today , I will not place a buy button until it breaks that resistance level , if it later breaks the resistance and I now entered my buy trade , well it may seem as if I did not join early but it is better to join a bit late than to jump into the wrong bus...

So I am waiting for the bitcoin to break the $22,715 to confirm the bullish trend on the bitcoin market, for now fingers are crossed..