Bitcoin's last hope before falling to lower supports!
Updated
Hello to all members of TradingView and my followers.
Bitcoin is in a completely bearish state and has shown no signs of an uptrend so far.
However, according to yesterday's analysis, the possibility was not ruled out (and it still is not) that we will see a reaction to the $19,000 area and thus see a relative rise to about $22,000.
But today and up to this moment, this possibility is steadily fading, and what replaces it is the re-visit of the $18,000 area, which Bitcoin seems eager to visit.
Bitcoin's current support is $18,930; Until it is broken, the price will likely move towards higher resistances. If it is broken, the downward movement starts.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Bitcoin is in a completely bearish state and has shown no signs of an uptrend so far.
However, according to yesterday's analysis, the possibility was not ruled out (and it still is not) that we will see a reaction to the $19,000 area and thus see a relative rise to about $22,000.
But today and up to this moment, this possibility is steadily fading, and what replaces it is the re-visit of the $18,000 area, which Bitcoin seems eager to visit.
Bitcoin's current support is $18,930; Until it is broken, the price will likely move towards higher resistances. If it is broken, the downward movement starts.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Comment
In the 4-hour time frame, the range of $19,000 acts as very suitable support, and the positive reaction of buyers with suitable volumes can be seen in this support. The main reason for the range market is the end of sellers and the uncertainty of buyers to enter, and with time, buyers will start their arrivals, and again an increasing wave may be formed.
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