Bitcoin and Doge technical analysis of the week
The cryptocurrencies have been suffering last couple years. Here is the technical analysis for Bitcoin and DOGE.
While Bitcoin was moving in a horizontal band gap when the four-hour chart is examined, it rose to $ 22,320 despite the inflation data announced yesterday and exceeding expectations. As of today's morning, it finds buyers at $22,150.
Bitcoin, which is above the 50-day moving average with the rise experienced yesterday, can be expected to test the $ 22,320 levels again in an upward movement. Daily closes above this level can support the rise to $22,500, then $22,740. On the downside, $21,915, which coincides with the 50-day moving average and the upper band of the channel, and then $21,545 can be expected to act as support.
Bitcoin and Doge technical analysis of the week
It will be important for Doge, which started the day with an increase of around 4% and was priced at $0.08595, to maintain its permanence above the 50-day moving average of $0.08574. In the continuation of the upward movement, the first resistance level is $0.08888, while the second and important resistance line, the major downtrend, can be expected to test the $0.09740 level. On the downside, $0.08574 and the 200-day moving average of $0.07760 can be expected to act as support.
