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ETH likely to be one of the highlights of 2023
The real fun begins once price starts closing above the m-a pivot (when blue arc holds as support)
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Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $16,800, followed by $16,650. Major Resistance Levels – $17,000, $17,200 and $17,500.
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More Downsides in BTC? If bitcoin fails to clear the $16,800 resistance, there could be more downsides. An immediate support on the downside is near the $16,400 level. The next major support is near the $16,250 zone. A downside break below the $16,250 support might call for a dro
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Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $16,250, followed by $16,000. Major Resistance Levels – $16,650, $16,800 and $17,000.
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