BTCUSDT 4H | Bitcoin market overview: Rebound from $30,000
Hello, dear subscribers!
In the previous review, we looked at the bitcoin price falling below $30,000.
The bears did not have a long term hold below the $30,000 level. Buyers found the price of $29,000 to $30,000 to be very good to buy bitcoin. This was followed by a sharp pullback up to $35,000. The price movement was well within the support and resistance marked zones of $29,000 - $35,000.
Now the bitcoin price is in the middle of the zone at $32,500. Indicators MACD and RSI are in the zone of uncertainty. The OBV indicator after touching support - 1.5M bounced sharply to resistance - 1.68M and is near the upper boundary of resistance.
The local support level is $32,000 - $32,500. A price fixation below that level will give the bears a new chance to attack $30,000.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the bitcoin price falling below $30,000.
The bears did not have a long term hold below the $30,000 level. Buyers found the price of $29,000 to $30,000 to be very good to buy bitcoin. This was followed by a sharp pullback up to $35,000. The price movement was well within the support and resistance marked zones of $29,000 - $35,000.
Now the bitcoin price is in the middle of the zone at $32,500. Indicators MACD and RSI are in the zone of uncertainty. The OBV indicator after touching support - 1.5M bounced sharply to resistance - 1.68M and is near the upper boundary of resistance.
The local support level is $32,000 - $32,500. A price fixation below that level will give the bears a new chance to attack $30,000.
Subscribe to the channel and stay tuned!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.