Bitcoin and SHIB technical analysis

Bitcoin, which had a fluctuating and high volatility day yesterday after the Microsoft balance sheet and retreated to $ 22,300, faced some profit sales, despite an increase to $ 23,800 after the Tesla balance sheet announced last night. In the morning hours, it is priced at $23,000.

Bitcoin and SHIB technical analysis

Although the $23,200 resistance level has been tested many times, Bitcoin has not yet sustained above this level. Starting to form a channel with its upward movements, it will be important for Bitcoin to break the $ 23200 level and make daily closings above it for the upwards to continue. If this level is exceeded, a rise to $24,000 and then $25,200 may occur, respectively.

If it fails to break the $23,200 level and there is a downside movement, $22,430 and then $21,520 levels can be expected to act as support. 

Although Shib broke the downtrend on January 18, it was rejected from the resistance zone and is priced at $0.00001160 during the day. Moving above the 200-day moving average still supports the positive outlook. In an upward movement, it will be important to exceed the $0.00001180 level first and then the $0.00001285 level. Exceeding these levels may lead to a rise up to $0.00001462.

On the downside, the $0.00001075 level can be expected to act as support. A break of this level may bring about a sharp pullback and the $0.00000985 level can be expected to act as support.