BTC 4H Chart Analysis 30/03
#Bitcoin 4H chart has slowed down since the March 27th pump, moving sideways since them between 46.6K and 48.2K. Now showing a smooth downtrend in the last 8 hours in the lower half of the channel below 47.4K.
Above 46.6 we could still continue in the current range. Below it next big supports are at 45.6K and 44.1K as pointed out in the last days. We'll see if #BTC has now the strength to recover the 50% upper half of the channel, that would be a sign for more upside action.
I'm still being cautious about this last "rally" because of lack of volume.
Above 46.6 we could still continue in the current range. Below it next big supports are at 45.6K and 44.1K as pointed out in the last days. We'll see if #BTC has now the strength to recover the 50% upper half of the channel, that would be a sign for more upside action.
I'm still being cautious about this last "rally" because of lack of volume.
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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.