BITCOIN|Does the BULLISH trend continue?
Updated
Bitcoin chart in 4 hours time frame.
In the previous analysis, we saw that there was a significant upward movement in the area of demand that we considered.
I hope you have used this opportunity well.
Currently, Bitcoin is strongly bullish and there are no signs of weakness in the trend, so we should look for more suitable places, areas of valid demand to enter buying positions.
As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high!
The demand ranges are ($44,900 to $45,500), ($42,800 to $43,300)respectively! In case of an upward trend, its mid-term targets are $50,500 and $52,700, respectively!
In the previous analysis, we saw that there was a significant upward movement in the area of demand that we considered.
I hope you have used this opportunity well.
Currently, Bitcoin is strongly bullish and there are no signs of weakness in the trend, so we should look for more suitable places, areas of valid demand to enter buying positions.
As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high!
The demand ranges are ($44,900 to $45,500), ($42,800 to $43,300)respectively! In case of an upward trend, its mid-term targets are $50,500 and $52,700, respectively!
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For friends who want to enter bitcoin buying positions, the demand area formed in the 4-hour time frame is the right place.Enter the buying position by getting confirmations of entry in smaller times.
The targets are marked on the chart, the loss limit is a few pips lower than the demand area.
Note
In the previous Bitcoin update, I mentioned that this demand area is a good place for new entry into buying positions.🤩I hope you have seen this update and benefited from the result of this update🤑
Note
tp1 , tp2 reached
I will put the bitcoin update on my page today.
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