BTCUSDT 4H | Bitcoin market overview: Correction
Hello, dear subscribers!
In the previous review we looked at the future of the upward trend in the bitcoin market. Support levels for the global uptrend were indicated: $11,200 and $10,500.
The current bitcoin price is $11,750. The bulls did not hold the price of the bitcoin above $12,000. Bitcoin is still in an upward trend, the price is in a wide trading zone - $11,300 - $11,900. MACD and RSI indicators show the development of downward correction movement. What will it become? An opportunity for buyers to buy a bitcoin at a cheaper price or the beginning of a bearish trend?
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In the previous review we looked at the future of the upward trend in the bitcoin market. Support levels for the global uptrend were indicated: $11,200 and $10,500.
The current bitcoin price is $11,750. The bulls did not hold the price of the bitcoin above $12,000. Bitcoin is still in an upward trend, the price is in a wide trading zone - $11,300 - $11,900. MACD and RSI indicators show the development of downward correction movement. What will it become? An opportunity for buyers to buy a bitcoin at a cheaper price or the beginning of a bearish trend?
Subscribe to the channel and stay with us!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.