BTCUSDT 4H | Bitcoin market overview: Will the bulls get $9,700?
Hello, dear subscribers!
The current price of Bitcoin is $9,690. We are located at the upper limit of Flat $9,300 - $9,600. On the 4-hour chart the price of Bitcoin is in an upward trend since July 21 and the price - $9,250. MACD and RSI indicators show overheating and weakening of the uptrend. Last week the bulls have an advantage over the bears, but the price in the range of $9,600-$9,700 may force the bears to attack in order to repel the upper bound of the flat zone. The current support for an uptrend is the price between $9,250 and $9,300, which will be the bears' main target in case of an attack. In the next 24 hours, we will see if the bulls will be able to hold on above $9,700 or if the bears will go into attack and will be able to regain parity with the bulls.
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The current price of Bitcoin is $9,690. We are located at the upper limit of Flat $9,300 - $9,600. On the 4-hour chart the price of Bitcoin is in an upward trend since July 21 and the price - $9,250. MACD and RSI indicators show overheating and weakening of the uptrend. Last week the bulls have an advantage over the bears, but the price in the range of $9,600-$9,700 may force the bears to attack in order to repel the upper bound of the flat zone. The current support for an uptrend is the price between $9,250 and $9,300, which will be the bears' main target in case of an attack. In the next 24 hours, we will see if the bulls will be able to hold on above $9,700 or if the bears will go into attack and will be able to regain parity with the bulls.
Subscribe to the channel and stay with us!
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