BTC Swing Trade – February 2024 Outlook
This quick analysis looks at Bitcoin’s weekly momentum, key support zones, and why a 5‑10 % swing could be on the horizon. The methodology combines volume‑weighted moving averages with Fibonacci retracements to pinpoint likely entry and exit points.
Key take‑aways:
- Current price sits near the 38.2 % Fibonacci level.
- RSI is hovering around 45, suggesting room for upside.
- Target range:
30 k – 33 k USDwith a stop‑loss just below 28 k.