BTCUSDT 4H | Bitcoin market overview: Still in uptrend
Hello, dear subscribers!
In the previous survey, we considered a uptrend of 11,300 - 11,500 as a priority movement of bitcoin prices.
As you can see, the prices touched the 11,500 price level and then entered the correction of 11,200 - 11,500 in order to reset the overbought in the market and gain strength for further movement. The 10,900 level from below is a local support for an uptrend, and it's too early to speak of a trend reversal before the price holds on to it. The next uptrend targets are 11,700 - 12,000.
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In the previous survey, we considered a uptrend of 11,300 - 11,500 as a priority movement of bitcoin prices.
As you can see, the prices touched the 11,500 price level and then entered the correction of 11,200 - 11,500 in order to reset the overbought in the market and gain strength for further movement. The 10,900 level from below is a local support for an uptrend, and it's too early to speak of a trend reversal before the price holds on to it. The next uptrend targets are 11,700 - 12,000.
Subscribe to the channel and stay with us!
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