BTCUSDT 4H | Bitcoin market overview: $30,000 is down
Hello, dear subscribers!
In the previous review, we looked at the downward movement of bitcoin price at the breakout of $35,000.
Since then there was a fakeout above $38,000, the price was rising to $40,000. After that, a progressive downward movement began. At the moment we are at the global support zone of $30,000. MACD, RSI and OBV indicators are in the red zone. Buyers are hardly containing the bears onslaught, breakdown of this level does not promise anything good to the bulls, ahead will be $25,000, and then $20,000 per bitcoin.
The RSI indicator shows that the price is strongly oversold, which means that instead of a sharp drop it may rebound above $30,000 or we may see a slow and exhausting slide of the bitcoin.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the downward movement of bitcoin price at the breakout of $35,000.
The RSI indicator shows that the price is strongly oversold, which means that instead of a sharp drop it may rebound above $30,000 or we may see a slow and exhausting slide of the bitcoin.
Subscribe to the channel and stay tuned!