BTCUSDT 4H | Bitcoin market overview: Close to $58,000
Hello, dear subscribers!
In the previous review we defined the important level of $58,000 for buyers and sellers.
In the following days, the sellers managed to bring the bitcoin price below $58,000, to $56,400. Bitcoin price is in a wide corridor between $56,000 and $60,000 and if the price is above $58,000, then the bulls have a stronger influence, if below, then the bears. At the moment, the bitcoin price is at $58,800, the buyers are making an attempt to take the initiative in their hands.
According to the MACD and RSI indicators there is a transition to a bullish picture, to determine the direction of the trend, it is important to close the current four-hour candle. OBV indicator over the past days showed a breakaway from the important support of the buyers - 2.15M. At the low - $56.400, the value of the OBV indicator touched support, after which the buyers were able to win back their positions.
As a result, we see continued uncertainty in the bitcoin market, the outcome of which may come in the near future.
Subscribe to the channel and stay tuned!
In the previous review we defined the important level of $58,000 for buyers and sellers.
In the following days, the sellers managed to bring the bitcoin price below $58,000, to $56,400. Bitcoin price is in a wide corridor between $56,000 and $60,000 and if the price is above $58,000, then the bulls have a stronger influence, if below, then the bears. At the moment, the bitcoin price is at $58,800, the buyers are making an attempt to take the initiative in their hands.
According to the MACD and RSI indicators there is a transition to a bullish picture, to determine the direction of the trend, it is important to close the current four-hour candle. OBV indicator over the past days showed a breakaway from the important support of the buyers - 2.15M. At the low - $56.400, the value of the OBV indicator touched support, after which the buyers were able to win back their positions.
As a result, we see continued uncertainty in the bitcoin market, the outcome of which may come in the near future.
Subscribe to the channel and stay tuned!