Bitcoin Technical Analysis: BTC above $24000 post FOMC Minutes

BTCUSDT Technical Analysis 23-02-2023

BTC/USD fell to $23574 during the FOMC minutes report announcement of 23rd Feb ( IST ), But soon recover and trading above $24300 at the time of writing.


14 Day RSI is above Midpoint at 60.47

BTC is trading in the upper range of $22800 and $24800 ( rectangle marked in purple color ), failed to break out above $25200 couple of times.

Breakout and Close above $25200 and converting it to support will open a doors to $32000 resistance which bears will protect with all their might, upon breaking it $40000 is a possibility.