BTCUSDT 4H | Bitcoin market overview: Bearish
Hello, dear subscribers!
In the previous review, we reviewed the possible future movement of the bitcoin price. In the past days, bitcoin was traded in the range of 9,800 - 10,500.
Currently, the price of bitcoin - 10,180. On the 4-hour chart support area - 9,500 - 9,700. We are in correction movement after the dramatic fall of the bitcoin price from 12,040 to 9,825. This price movement indicates that sellers and buyers are accumulating strength in order to determine in which direction further price movement will go. RSI and MACD indicators are in the red zone, i.e. the current position indicates that bearish moods prevail in the market.
Subscribe to the channel and stay with us!
In the previous review, we reviewed the possible future movement of the bitcoin price. In the past days, bitcoin was traded in the range of 9,800 - 10,500.
Currently, the price of bitcoin - 10,180. On the 4-hour chart support area - 9,500 - 9,700. We are in correction movement after the dramatic fall of the bitcoin price from 12,040 to 9,825. This price movement indicates that sellers and buyers are accumulating strength in order to determine in which direction further price movement will go. RSI and MACD indicators are in the red zone, i.e. the current position indicates that bearish moods prevail in the market.
Subscribe to the channel and stay with us!
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.