Bitcoin Analysis, Let's Push Up

12 thg 9, 2017

Bitcoin bounce backed its support and now trading nearly 4300$. Still sell pressure is massive which creating problems. on 4 hour chart bitcoin still moving upside towards 4650$ resistance. But we should be prepare for any kind of situation because any negative fundamental news can play key role to change the market direction. 70% crypto market based on fundamental updates now a days, this percentage increased in past few months. On 4H chart 4000$ keeping support level and resistance level is above 4500$. if support breached we can see further more downside movement towards 3500$.
MACD ;
MACD signaling bullish move but also indicating selloff pressure
RSI ;
RSI moving upward which showing a nice move towards upper level

Good Luck !!!!