BTCUSDT 4H | Bitcoin market overview: Double top
Hello, dear subscribers!
In the previous review, we considered growth as the main option of bitcoin price movement.
Since then, the bitcoin price has added about $4,000 at the peak, almost reaching its all-time high of $58,382.This formed one of the common reversal price patterns, a double top.
According to the MACD and RSI indicators, we see a decrease in the strength of the rising trend. This at least indicates a price correction.
OBV indicator showed its absolute maximum - 2.2M. The main support levels are 2.15M and 2.1M. Closure of the indicator below these levels will indicate the formation of a bearish trend.
The current support levels are $52,000 and $48,000. The current price is $56,000, which is much higher than the levels. These levels will be the current targets for the bears. Buyers should watch them closely.
Subscribe to the channel and stay with us!
In the previous review, we considered growth as the main option of bitcoin price movement.
Since then, the bitcoin price has added about $4,000 at the peak, almost reaching its all-time high of $58,382.This formed one of the common reversal price patterns, a double top.
According to the MACD and RSI indicators, we see a decrease in the strength of the rising trend. This at least indicates a price correction.
OBV indicator showed its absolute maximum - 2.2M. The main support levels are 2.15M and 2.1M. Closure of the indicator below these levels will indicate the formation of a bearish trend.
The current support levels are $52,000 and $48,000. The current price is $56,000, which is much higher than the levels. These levels will be the current targets for the bears. Buyers should watch them closely.
Subscribe to the channel and stay with us!