BTCUSDT 4H | Bitcoin market overview: Exit is near
Hello, dear subscribers!
In the previous review, we looked at the triangle pattern formed by the bitcoin price.
In the following days, bitcoin price moved within the triangle pattern. This suggests that the bulls are trying to take bitcoin price down from the triangle, their next target will be $35,200 and $33,000. The volatility movement in the bitcoin market is also decreasing, this happens before strong movements in the market.
MACD and RSI indicators are in the zone of uncertainty, their values are close to neutral. The OBV indicator along with a decrease in volatility reduces its fluctuations.
Buyers and sellers should pay attention to the moment of bitcoin price exit from the triangle. The exit downwards does not bode well for the buyers, so it will be advisable to close the existing position now. And sellers can take a position when the bottom of the triangle is broken.
Follow the channel and stay tuned!
In the previous review, we looked at the triangle pattern formed by the bitcoin price.
MACD and RSI indicators are in the zone of uncertainty, their values are close to neutral. The OBV indicator along with a decrease in volatility reduces its fluctuations.
Buyers and sellers should pay attention to the moment of bitcoin price exit from the triangle. The exit downwards does not bode well for the buyers, so it will be advisable to close the existing position now. And sellers can take a position when the bottom of the triangle is broken.
Follow the channel and stay tuned!