BTCUSDT 4H | Bitcoin market overview: Trend reversal
Hello, dear subscribers!
In the previous review, we looked at the rise in bitcoin price as the preferred scenario for the bitcoin market.
In the following days, bitcoin price went up, showing a maximum of $57,700. In today's review, we want to show you a possible reversal of the uptrend. A reversal candlestick pattern may be formed on the bitcoin price chart in the following 4-hour candlestick after 16-00 UTC. The current candle forms a doji or hammer candle. The red candle following it forms a reversal candlestick pattern. Also, this movement confirms the decline of the OBV indicator, which indicates the closing of positions by buyers and the increasing influence of sales in the bitcoin market.
Targets of the downward movement will be the levels - $52,000 and $48,000.
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In the previous review, we looked at the rise in bitcoin price as the preferred scenario for the bitcoin market.
Targets of the downward movement will be the levels - $52,000 and $48,000.
Subscribe to the channel and stay with us!