Bitcoin Short Term Expectations
Bitcoin 4H Chart
Hi folks,
📌Bitcoin, which peaked at 31K, has experienced a decrease of approximately 8%. As of now, it is trading at 28850 USDT.
📌28800 is a strong support and a healthy correction is expected as long as it doesn't close below this level.
📌29339 is an important resistance that needs to be regained in the short term (last bullish Fib 0.5).
📌There are two nice dip zones formed in the RSI, and I now expect to see a rise from here. This is my expectation.
📌If it closes below 28800, the next target area is 26875, which I do not think will be very healthy for the market
Hi folks,
📌Bitcoin, which peaked at 31K, has experienced a decrease of approximately 8%. As of now, it is trading at 28850 USDT.
📌28800 is a strong support and a healthy correction is expected as long as it doesn't close below this level.
📌29339 is an important resistance that needs to be regained in the short term (last bullish Fib 0.5).
📌There are two nice dip zones formed in the RSI, and I now expect to see a rise from here. This is my expectation.
📌If it closes below 28800, the next target area is 26875, which I do not think will be very healthy for the market
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