BTCUSDT 4H | Bitcoin price overview: Consolidation
In the past days since the last review, where we have been looking at the bitcoin market on the daily chart,
neither buyers nor sellers have decided on their plans. The price went down from the uptrend channel, which had been in place since March 18th, dropped to $8,620, but the bears could not continue the attack.
If we take a close look at the 4-hour chart, we will see that at these levels the price was already traded from April 29 to May 6 and from May 10 to May 13. Perhaps we will see consolidation of the price in this range - $8,600 - $9,100 in the following days before we see one of the directions, up or down.
Stay with us and subscribe to the channel! Have a good trade!
neither buyers nor sellers have decided on their plans. The price went down from the uptrend channel, which had been in place since March 18th, dropped to $8,620, but the bears could not continue the attack.
If we take a close look at the 4-hour chart, we will see that at these levels the price was already traded from April 29 to May 6 and from May 10 to May 13. Perhaps we will see consolidation of the price in this range - $8,600 - $9,100 in the following days before we see one of the directions, up or down.
Stay with us and subscribe to the channel! Have a good trade!
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