BTCUSDT 4H | Bitcoin market overview: Bullish market
Hello, dear subscribers!
In the previous review we looked at bitcoin price growth and marked the current support and resistance areas.
In the following days, the Bitcoin price was moving within the specified borders. The sellers managed to lower the price to the support zone of $14,500 - $14,800, but they failed to move lower. Buyers quickly bought back the volumes of sold bitcoin and returned the price to $15,600. Indicators RSI, MACD and OBV follow the price without showing any deviations. The support zones 1 and 2, as well as the resistance zone indicated on the charts, are still valid.
From all this we can say that the bitcoin market remains under control of the bulls. Decrease in trading volumes indicates that the market is given a rest before the future price movement. Whether it is up or down, we will see it in the days to come.
Subscribe to the channel and stay with us!
In the previous review we looked at bitcoin price growth and marked the current support and resistance areas.
In the following days, the Bitcoin price was moving within the specified borders. The sellers managed to lower the price to the support zone of $14,500 - $14,800, but they failed to move lower. Buyers quickly bought back the volumes of sold bitcoin and returned the price to $15,600. Indicators RSI, MACD and OBV follow the price without showing any deviations. The support zones 1 and 2, as well as the resistance zone indicated on the charts, are still valid.
From all this we can say that the bitcoin market remains under control of the bulls. Decrease in trading volumes indicates that the market is given a rest before the future price movement. Whether it is up or down, we will see it in the days to come.
Subscribe to the channel and stay with us!
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