BTCUSDT 4H | Bitcoin market overview: Bulls comeback
Hello, dear subscribers!
In the previous analysis, we considered the breakdown of the important level of the OBV indicator in the bitcoin market.
Since then the bulls managed to intercept the initiative and raise the value of OBV above the level of 2.15M. But the fighting for the level is still going on and the bears don't want to admit defeat. In the next few hours we might see the bears attacking the level again, will the bulls manage to hold this time?
According to the MACD and RSI indicators, we can see that the up-trend is getting weaker, which might be favorable to the sellers.
The support level for the buyers is $58,000. Resistance level of the last days is $61,000.
A hold below one of these levels will determine the further direction of bitcoin's price movement.
Subscribe to the channel and stay tuned!
In the previous analysis, we considered the breakdown of the important level of the OBV indicator in the bitcoin market.
Since then the bulls managed to intercept the initiative and raise the value of OBV above the level of 2.15M. But the fighting for the level is still going on and the bears don't want to admit defeat. In the next few hours we might see the bears attacking the level again, will the bulls manage to hold this time?
According to the MACD and RSI indicators, we can see that the up-trend is getting weaker, which might be favorable to the sellers.
The support level for the buyers is $58,000. Resistance level of the last days is $61,000.
A hold below one of these levels will determine the further direction of bitcoin's price movement.
Subscribe to the channel and stay tuned!
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