BTC bounced off an important support zone at $74,154 - $77,050 and we are currently seeing a very strong upward movement at the 10% level. It is also clear that the price drop created a higher low and the upward impulse gave a higher high, which is positive in the short term for continued growth.
However, you need to be careful here because the BTC price has entered a strong resistance zone from $81,900 to $83,900, only breaking out of this zone on top will open the way towards $89,000.
It is worth paying attention to the RSI indicator, which confirms the dynamic movement, but considering the 4H interval, there is still room for the price to overcome the zone on top.
However, you need to be careful here because the BTC price has entered a strong resistance zone from $81,900 to $83,900, only breaking out of this zone on top will open the way towards $89,000.
It is worth paying attention to the RSI indicator, which confirms the dynamic movement, but considering the 4H interval, there is still room for the price to overcome the zone on top.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.