Chart – BTC Projection (02-07-2022)

Attached is the 4-hour chart of BTC against USD, at a focal price of $44,250 (own elaboration in Tradingview). In the last commentary, when we quoted Fibonacci, the price was at a level of $36,580, so there has been a recovery of over 20%, in those 4 days. Contrary to that moment, now the price presents an extraordinary momentum, accompanied by volume, which is one of the conditions for a robust relative strength index. We must now wait for the new level to consolidate, after having broken three important resistances today, the strongest one being the $42,000 level. We’ll see how February goes. We will keep you updated on further developments.