BTCUSDT 4H | Bitcoin market overview: Bulls Domination
Hello, dear subscribers!
Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns.
The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above this zone opens for buyers the way to $20,000 - the historical maximum of the bitcoin price.
Support zones: $17,600 - previous corrections were approaching this level. Below this level is the support zone 1: $16,500 - $16,800, and below this level is the support zone 2: $15,500 - $15,900.
In recent weeks, we have seen an unstoppable rise in the price of bitcoin, on the daily chart accumulated large overbought on the RSI and OBV indicator. MACD is in the green zone since October 10, it is a very long period of buyer domination. Growing trend is still in force.
It does not matter if we continue to grow from our current positions or go to correction, and at the top and bottom we have a large free zone for the bitcoin price movement. Which direction the price will go in the next few days.
Subscribe to the channel and stay with us!
Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns.
The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above this zone opens for buyers the way to $20,000 - the historical maximum of the bitcoin price.
Support zones: $17,600 - previous corrections were approaching this level. Below this level is the support zone 1: $16,500 - $16,800, and below this level is the support zone 2: $15,500 - $15,900.
In recent weeks, we have seen an unstoppable rise in the price of bitcoin, on the daily chart accumulated large overbought on the RSI and OBV indicator. MACD is in the green zone since October 10, it is a very long period of buyer domination. Growing trend is still in force.
It does not matter if we continue to grow from our current positions or go to correction, and at the top and bottom we have a large free zone for the bitcoin price movement. Which direction the price will go in the next few days.
Subscribe to the channel and stay with us!
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