BTCUSDT 1D | Bitcoin price overview: Upcoming growth?
Yesterday was marked by the victory of bulls over bears. On the daily chart a bullish candle with a body was formed, overlapping the previous descending candle. A short shadow from above tells us about the power of bulls. To confirm the buy signal it is necessary that today's candlestick is green and its maximum is higher than the previous day.
Let us pay attention to the MACD and the rising movement force. Starting from March 13, you can see the up trend on the chart and on the MACD. A common pattern in the emerging trend is the three consecutive dropping highs in the MACD and three consecutive rising highs in the chart. On this chart we see two formed maximums, and perhaps we will see the third maximum. The resistance zone 2 ~ $7,800 - $8,000 may be the targets of this movement.
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Let us pay attention to the MACD and the rising movement force. Starting from March 13, you can see the up trend on the chart and on the MACD. A common pattern in the emerging trend is the three consecutive dropping highs in the MACD and three consecutive rising highs in the chart. On this chart we see two formed maximums, and perhaps we will see the third maximum. The resistance zone 2 ~ $7,800 - $8,000 may be the targets of this movement.
Subscribe to the channel and keep up to date with the Bitcoin market analytics!