BTCUSDT 4H | Bitcoin market overview: Happy New Highs!
Hello, dear subscribers!
In the last review of the last year, we pointed out the uptrend as the priority in the bitcoin market for the near future.
Since then, bitcoin price has risen more than 70% to a high of $41,945. The market is experiencing extreme price volatility, last seen in 2017 and early 2018.
Reaching its high on Jan. 8, bitcoin entered a wide flat zone - $31,500 - $40,000.
Local support levels:
The first level is $36,800,
The second level is a zone of $34,400 - $35,200,
The third level is $31,500.
Strong resistance zone from above: $40,000 - $40,600.
Indicators are moving synchronously with the price and show entry into a flat zone.
Globally, the market maintains an uptrend in bitcoin prices, but after the strong growth, the price will need time to return to conquering new highs.
Subscribe to the channel and stay tuned!
In the last review of the last year, we pointed out the uptrend as the priority in the bitcoin market for the near future.
Reaching its high on Jan. 8, bitcoin entered a wide flat zone - $31,500 - $40,000.
Local support levels:
The first level is $36,800,
The second level is a zone of $34,400 - $35,200,
The third level is $31,500.
Strong resistance zone from above: $40,000 - $40,600.
Indicators are moving synchronously with the price and show entry into a flat zone.
Globally, the market maintains an uptrend in bitcoin prices, but after the strong growth, the price will need time to return to conquering new highs.
Subscribe to the channel and stay tuned!