BTCUSDT 4H | Bitcoin market overview: Bearish time
Hello, dear subscribers!
In the previous review, we looked at the uptrend in the bitcoin market.
Since then, the price rose from $54,600 to $59,500 and rolled back to $55,800. On the OBV indicator, we saw a pullback from the 2.10M resistance level, which shows the dominance of bears in the market. So far, they have succeeded in starting the bitcoin price sideways without a full-fledged decline in the price to the current support levels of 51,000 and 48,000, or lower. By other indicators, MACD and RSI we see the formation of a downtrend. Probably, in the next hours the bears can increase the attack and the bulls will have a tough time. Buyers should be careful, buying will be relevant if the current indicators break down and the price fixes above $58,000.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the uptrend in the bitcoin market.
Since then, the price rose from $54,600 to $59,500 and rolled back to $55,800. On the OBV indicator, we saw a pullback from the 2.10M resistance level, which shows the dominance of bears in the market. So far, they have succeeded in starting the bitcoin price sideways without a full-fledged decline in the price to the current support levels of 51,000 and 48,000, or lower. By other indicators, MACD and RSI we see the formation of a downtrend. Probably, in the next hours the bears can increase the attack and the bulls will have a tough time. Buyers should be careful, buying will be relevant if the current indicators break down and the price fixes above $58,000.
Subscribe to the channel and stay tuned!
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