Bitcoin Bull & Bear projections
Hi everyone!
Heres an analysis of Bitcoin intraday (4H) chart.
Now that Bitcoin is in post-halving we have can now gain insights on the sentiment from market participants. As you can see the market used the old wall street saying of "buy the rumor, sell the news" theory to the current price action. Bitcoin saw a sell off near the 10k region after making multiple attempts to break intraday highs. $10,000 is now the next psychology level for the bulls to take out before we can officially sound off a BULL RUN.
Key levels intraday:
8500s (could break lower) $10,310 Measured move highs if we break $9200.
Next intraday support is between $7800-$8100. If that support range is taken out then we should see a projected wick low near $7300-$7500.
The lagging market participants will enter there longs there in hopes of a bitcoin summer bull run. Only time will tell!
Please send any questions or comments below!
Team Crypto Level UP
Heres an analysis of Bitcoin intraday (4H) chart.
Now that Bitcoin is in post-halving we have can now gain insights on the sentiment from market participants. As you can see the market used the old wall street saying of "buy the rumor, sell the news" theory to the current price action. Bitcoin saw a sell off near the 10k region after making multiple attempts to break intraday highs. $10,000 is now the next psychology level for the bulls to take out before we can officially sound off a BULL RUN.
Key levels intraday:
8500s (could break lower) $10,310 Measured move highs if we break $9200.
Next intraday support is between $7800-$8100. If that support range is taken out then we should see a projected wick low near $7300-$7500.
The lagging market participants will enter there longs there in hopes of a bitcoin summer bull run. Only time will tell!
Please send any questions or comments below!
Team Crypto Level UP
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