In the last four hours, Bitcoin has formed a falling wedge channel. Additionally, our current resistance level is approximately 23300. We will definitely see an uptrend if the one-day candle or the four-hour candle close above 23,300. However, another thing that you can see is that the RSI indicator always tries to go up when it is above the yellow line. At the moment, the RSI indicator has already gone over the yellow line. Bitcoin may accumulate between 23300 and 22600 if the one-day candle fails to close between the 23300 level.
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.