Recently I made an analysis on Bitcoin where I stated that the bulls needed to prove something quickly before BTC would fall all the way back to the capitulation lows around $26k.
Since making that post, the bulls came out in force and forced the price above the prior indicated horizontal consolidation area. Naturally, this is very bullish.
As it looks now, I think we're due a minor bearish correction where we'll reach inside the top support area before taking off again. The 4H RSI is severely overbought still, so I think it's only healthy to see some bearish price action.
First major area of resistance is going to be around $32.5k, see blue line.
Since making that post, the bulls came out in force and forced the price above the prior indicated horizontal consolidation area. Naturally, this is very bullish.
As it looks now, I think we're due a minor bearish correction where we'll reach inside the top support area before taking off again. The 4H RSI is severely overbought still, so I think it's only healthy to see some bearish price action.
First major area of resistance is going to be around $32.5k, see blue line.
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🎯Official Channel: t.me/FieryTradingChannel
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🔥Premium Signals: fierytrading.com
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✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.