BTCUSDT 4H | Bitcoin market overview: Who whould win?
Hello, dear subscribers!
In the previous review we looked at the long with the goal $11,700 - $12,000 as the most likely trend in the bitcoin market.
In the days after the review, the price of bitcoin touched $11,700, but the bulls did not get fixed above this level. Further, the price of bitcoin was moving in the trading range of $11,200 - $11,600. As a result, the upward trend began to weaken.
The MACD indicator is approaching the red zone, the RSI value is below 50, OBV has fallen below 855,000 - the current support for the uptrend.
If the price is below 11,100, the next target for the bears may be $10,700 - $10,800.
But it is still too early to talk about the prevalence of bulls or bears, as we are within the trade range of $11,200 - $11,600.
Subscribe to the channel and stay with us!
In the previous review we looked at the long with the goal $11,700 - $12,000 as the most likely trend in the bitcoin market.
In the days after the review, the price of bitcoin touched $11,700, but the bulls did not get fixed above this level. Further, the price of bitcoin was moving in the trading range of $11,200 - $11,600. As a result, the upward trend began to weaken.
The MACD indicator is approaching the red zone, the RSI value is below 50, OBV has fallen below 855,000 - the current support for the uptrend.
If the price is below 11,100, the next target for the bears may be $10,700 - $10,800.
But it is still too early to talk about the prevalence of bulls or bears, as we are within the trade range of $11,200 - $11,600.
Subscribe to the channel and stay with us!
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