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Chart of the Day – Tuesday, February 8th, 2022

February 8, 2022 Patrick Dunuwila

Momentum shift in #BTC $BTC.X pic.twitter.com/MnNujciGLn

— Rolando Santos (@TKPTrader) February 7, 2022

Today’s Chart of the Day was shared by Rolando Santos (@TKPTrader). We highlighted this chart last week, but a lot has changed in that short time. Over the weekend, Bitcoin reclaimed key support around $41k (red line) and it continues to trade firmly above it around $44k as of writing. Rolando points out that momentum has shifted back into a bullish range with RSI above 60 for the first time since November.  This is a noteworthy improvement for Bitcoin. Bulls want to see price continue to hold above $41k, and RSI to remain in a bullish range above 50-60.

$BTC, Bitcoin, Cryptocurrencies, Momentum, Rolando Santos, RSI

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