BTCUSDT 4H | Bitcoin market overview: Dear bulls
Hello, dear bulls and subscribers!
In the previous review, we looked at the bulls' return to the bitcoin market.
In the following days, the buyers developed their advantage by updating the historical maximum of bitcoin price - $64,854.
The current bitcoin price is at $61,200 and there is a correction in the bitcoin market. MACD and RSI indicators are declining and confirm the correctional movement.
OBV indicator is above the value of 2.15M, indicating that so far the market is dominated by buyers.
Support zones for bitcoin price are $61,000 and $59,200 - $60,000. Closure below these values will mean the development of a bearish trend.
Resistance zone is $63,000 - $63,700. Bitcoin price must consolidate above this zone to continue the uptrend.
Subscribe to the channel and stay with us!
In the previous review, we looked at the bulls' return to the bitcoin market.
In the following days, the buyers developed their advantage by updating the historical maximum of bitcoin price - $64,854.
The current bitcoin price is at $61,200 and there is a correction in the bitcoin market. MACD and RSI indicators are declining and confirm the correctional movement.
OBV indicator is above the value of 2.15M, indicating that so far the market is dominated by buyers.
Support zones for bitcoin price are $61,000 and $59,200 - $60,000. Closure below these values will mean the development of a bearish trend.
Resistance zone is $63,000 - $63,700. Bitcoin price must consolidate above this zone to continue the uptrend.
Subscribe to the channel and stay with us!
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