BTCUSDT 4H | Bitcoin market overview: Bullish dominance
Hello, dear subscribers!
In the previous review, we looked at the bitcoin price movement within the support and resistance zones and the importance of the 48,000 level.
The bulls managed to keep the price above $48,000 and they built on their success by raising the bitcoin price to the current $54,000. The $51,500 and $48,000 resistance zones have become support for the bitcoin price. The resistance level at the top remains $55,500. MACD and RSI indicators are in the green zone, the latter signaling an increase in overbought, which may cause a correction in the bitcoin market. The OBV indicator also shows strong bullish sentiment. It has risen strongly since last review and is now at 2.12M.
From all reviewed market indicators, we can say that we are in a growth phase of bitcoin price with a characteristic bullish dominance. The support levels are $51,500 - $52,000.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the bitcoin price movement within the support and resistance zones and the importance of the 48,000 level.
From all reviewed market indicators, we can say that we are in a growth phase of bitcoin price with a characteristic bullish dominance. The support levels are $51,500 - $52,000.
Subscribe to the channel and stay tuned!