BTCUSDT 4H | Bitcoin market overview: What's next 2
Hello, dear subscribers!
In the previous review, we looked at the bearish trend in the bitcoin market.
Since then, bitcoin price took a breakdown to $30,000 before recovering to $42,000. Such price movements have taken either big losses or big gains. Now traders are worried about the question: what will happen next?
At the moment, bitcoin price is trading around $40,500 - $41,000, just above the support level outlined in the previous review. The MACD and OBV indicators are in favor of the bulls. MACD indicator shows a positive trend, which is beneficial for the bulls. The value of the OBV indicator is above the support at 1.9M, though it was broken when the price fell to $30,000. RSI indicator shows a dual situation. We see an emerging convergence - a signal to sell, if the price from now on does not exceed its highs after the fall to $30,000 and will consolidate below $39,000, then we may fall to the values of $33,000 - $33,500.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the bearish trend in the bitcoin market.
Since then, bitcoin price took a breakdown to $30,000 before recovering to $42,000. Such price movements have taken either big losses or big gains. Now traders are worried about the question: what will happen next?
At the moment, bitcoin price is trading around $40,500 - $41,000, just above the support level outlined in the previous review. The MACD and OBV indicators are in favor of the bulls. MACD indicator shows a positive trend, which is beneficial for the bulls. The value of the OBV indicator is above the support at 1.9M, though it was broken when the price fell to $30,000. RSI indicator shows a dual situation. We see an emerging convergence - a signal to sell, if the price from now on does not exceed its highs after the fall to $30,000 and will consolidate below $39,000, then we may fall to the values of $33,000 - $33,500.
Subscribe to the channel and stay tuned!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.