BTCUSDT 4H | Bitcoin market overview: OBV growth
Hello, dear subscribers!
In the previous review, we looked at the support and resistance zones in the bitcoin market.
During the following days, bitcoin price fluctuated in the marked limits - $22,200 - $24,000. For the trend to continue or reverse, the price needs to consolidate outside the support or resistance zones.
The RSI and MACD indicators have reset overbought since the previous review, the OBV, in turn, shows an increase in interest in buying bitcoin, having not declined during the flat period. This indicates that the bitcoin market continues to be under bullish control. But for the uptrend to continue, bitcoin's price needs to consolidate above $24,000.
In case the bears manage to take control and consolidate below $22,000, their next target will be the levels of $20,600 and $19,600.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the support and resistance zones in the bitcoin market.
During the following days, bitcoin price fluctuated in the marked limits - $22,200 - $24,000. For the trend to continue or reverse, the price needs to consolidate outside the support or resistance zones.
The RSI and MACD indicators have reset overbought since the previous review, the OBV, in turn, shows an increase in interest in buying bitcoin, having not declined during the flat period. This indicates that the bitcoin market continues to be under bullish control. But for the uptrend to continue, bitcoin's price needs to consolidate above $24,000.
In case the bears manage to take control and consolidate below $22,000, their next target will be the levels of $20,600 and $19,600.
Subscribe to the channel and stay tuned!
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