[FEB 14] BTC/USD Bitcoin Price Analysis: Bitcoin Loses in Price on Good News?

Bitcoin Market Cap $ 63 648 604 014 USD

Fundamental Analysis. Pension Funds Enter the Crypto Industry.

The other day, a historic event occurred. US pension funds plunged into crypto-investment. Venture capital firm Morgan Creek Capital raised $40 million for its crypto-fund. And the main investors, as you understood from the title, were two US public pension funds.

According to Morgan Creek, this happened for the first time. The community met this news extremely positive.

Technical Analysis. After Short Term Win, $400 Loss Expected by Bitcoin

So far, the price of Bitcoin remains at an approximate level, and globally the price is flat on the market with the range from $3,120 to $4,400. In such a market, most traders lose money because there is no certainty.

After the upward impulse, a bullish flag was formed under the MA 50, and it is quite possible to expect the next impulse until resistance at the level of $3,800 to $3,850, after which Bitcoin will lose about $400 in price. Stoch RSI is oversold, MACD is below zero, and there is a bearish divergence on RSI.

Bitcoin chart by TradingView  

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.