Bitcoin Analysis | 1-Hour Timeframe
Currently, Bitcoin is positioned at a key support level around $108,380, which can act as an important support zone.
Due to the presence of divergence and overbought conditions on the 1-hour and 15-minute timeframes near $108,000, a price correction down to $104,400 (which coincides with the 50% Fibonacci retracement of the...
there is a downward divergence In the 1-hour and 4-hour timeframes, which could be the beginning of a correction in ethereum prices.
Also, as we know, any price increase needs to be settled, which requires a price correction after 11 positive days.
I am waiting for #2130
Technically, the price of Bitcoin has faced resistance # 34556 and has also faced divergence in daily timeframes.
So, it seems that Bitcoin will continue its downward trend until the price of # 1980 and then be ready for the uptrend.
