we look at OBV it should be cross trendline.
The price of Bitcoin fell sharply to $ 42,000 before the recovery process began. After that, BTC was able to recover the resistance levels of $ 43,500 and $ 45,000.
The price even crossed the 23.6% Fibonacci retracement level of the $ 52,800 downtrend to $ 42,000. The cows even raised the price above $ 46,000, but found near the active level of $ 47,450 with the active presence of sellers.
The Fibonacci correction level of 50% of the main downward movement of the $ 52,800 volatile ceiling to the $ 42,000 volatility floor has acted as a strong resistance. Also on the BTC / USD hourly chart, a major downtrend line is forming with resistance around $ 47,000.
The price of Bitcoin fell sharply to $ 42,000 before the recovery process began. After that, BTC was able to recover the resistance levels of $ 43,500 and $ 45,000.
The price even crossed the 23.6% Fibonacci retracement level of the $ 52,800 downtrend to $ 42,000. The cows even raised the price above $ 46,000, but found near the active level of $ 47,450 with the active presence of sellers.
The Fibonacci correction level of 50% of the main downward movement of the $ 52,800 volatile ceiling to the $ 42,000 volatility floor has acted as a strong resistance. Also on the BTC / USD hourly chart, a major downtrend line is forming with resistance around $ 47,000.