Bitcoin continues to suffer as expected the day before. Yesterday, the price continued to fall to 411138 dollars. But he returned to the top of the support level . Bitcoin is detected divergently on the RSI indicator in daily time. The last divergence is related to the two major floor of the descending waves and the second divergence is related to the two floors, which has the potential of a double bottom pattern.
If the RSI hits the uptrend line, if it sees signs of support, the price will be able to increase, at least to the range of $ 44,000 and then $ 46,000. Of course, if the RSI hits the trend line , it can cause a temporary drop in bitcoins . But it is also possible that it will fluctuate in the current range for a few more days. In any case, it is possible for the RSI line to hit the trend line .
In the 4-hour time, fluctuations between $ 41600 and $ 42,000 can continue. It is even possible for the price to return to the support side and the support to fail in a fictitious manner. However, the last support that can save bitcoins from the next heavy drop is in the range of $ 40 ,000 to $ 39,500, which may be seen again by the selling pressure of the whales. Because repeated strikes to an important level and not having the power to push the price up can lead to support failure. But more important support, which is close to the current support, can push the price up.
Bitcoin Dominance stopped at 0.55% with a growth of 0.55%. This range is a resistance in 4-hour time, the failure of which can accelerate the 4-hour trend. If the Bitcoin dominance rises, we can expect the continuation of the upward movement to the next resistance of 42%, and the scenario we have examined above will fail. But there is also the possibility of failure of the domain resistance. Because the price support in the range of $ 40 ,000 to $ 39,500 is still valid and has not.
ZOOMARZ.COM
If the RSI hits the uptrend line, if it sees signs of support, the price will be able to increase, at least to the range of $ 44,000 and then $ 46,000. Of course, if the RSI hits the trend line , it can cause a temporary drop in bitcoins . But it is also possible that it will fluctuate in the current range for a few more days. In any case, it is possible for the RSI line to hit the trend line .
In the 4-hour time, fluctuations between $ 41600 and $ 42,000 can continue. It is even possible for the price to return to the support side and the support to fail in a fictitious manner. However, the last support that can save bitcoins from the next heavy drop is in the range of $ 40 ,000 to $ 39,500, which may be seen again by the selling pressure of the whales. Because repeated strikes to an important level and not having the power to push the price up can lead to support failure. But more important support, which is close to the current support, can push the price up.
Bitcoin Dominance stopped at 0.55% with a growth of 0.55%. This range is a resistance in 4-hour time, the failure of which can accelerate the 4-hour trend. If the Bitcoin dominance rises, we can expect the continuation of the upward movement to the next resistance of 42%, and the scenario we have examined above will fail. But there is also the possibility of failure of the domain resistance. Because the price support in the range of $ 40 ,000 to $ 39,500 is still valid and has not.
ZOOMARZ.COM