BTCUSDT 4H | Bitcoin market overview: Bullrun
Hello, dear subscribers!
In the last review, we looked at the possibility of continued growth after the reset of overbought bitcoin market.
Since the last review, bitcoin price after resetting overbought has reached new levels and updated its historical highs, reaching $51,678. The resistance area of $47,500 to $48,200 has become a support zone, and the level of $50,000 was also successfully attacked and defeated by the bulls. According to the MACD and RSI indicators, there is still a rising trend with support zones at $48,000 and $44,000 levels. OBV indicator also shows an increase in the volume of buyers' positions.
It should be noted that together with the total domination of the bulls and optimistic mood of the buyers we can see that the price support zones are far enough from the current levels. Buyers need to take into this point and calculate the risks.
Subscribe to the channel and stay with us!
In the last review, we looked at the possibility of continued growth after the reset of overbought bitcoin market.
Since the last review, bitcoin price after resetting overbought has reached new levels and updated its historical highs, reaching $51,678. The resistance area of $47,500 to $48,200 has become a support zone, and the level of $50,000 was also successfully attacked and defeated by the bulls. According to the MACD and RSI indicators, there is still a rising trend with support zones at $48,000 and $44,000 levels. OBV indicator also shows an increase in the volume of buyers' positions.
It should be noted that together with the total domination of the bulls and optimistic mood of the buyers we can see that the price support zones are far enough from the current levels. Buyers need to take into this point and calculate the risks.
Subscribe to the channel and stay with us!
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