BTCUSDT 4H | Bitcoin market overview: Bullish defence
Hello, dear subscribers!
In our previous review, we looked at bitcoin trading price levels and the battle between buyers and sellers for those levels.
The main level that determines the mood of the bitcoin market is 47,000 - 48,000. When the price goes lower the bears rule the market, when the price goes higher the bulls rule the market.
At the moment, bitcoin price is above 48,000 and therefore is in the 48,000 - 51,500 zone, which is preferable for buyers.
According to the RSI and MACD indicators, we are in the flat zone, as their values are near the middle. OBV indicator is on the side of the bulls, as the value of the indicator is above the important level - 2M. A breakout of this level will signal a change of trend to bearish.
In the coming days we will continue to monitor the indicated price levels. The main level is still 48,000.
Subscribe to the channel and stay tuned!
In our previous review, we looked at bitcoin trading price levels and the battle between buyers and sellers for those levels.
At the moment, bitcoin price is above 48,000 and therefore is in the 48,000 - 51,500 zone, which is preferable for buyers.
According to the RSI and MACD indicators, we are in the flat zone, as their values are near the middle. OBV indicator is on the side of the bulls, as the value of the indicator is above the important level - 2M. A breakout of this level will signal a change of trend to bearish.
In the coming days we will continue to monitor the indicated price levels. The main level is still 48,000.
Subscribe to the channel and stay tuned!