BTCUSDT 4H | Bitcoin market overview: Bullish OBV
Hello, dear subscribers!
In the previous review, we looked at short or flat as likely patterns of bitcoin price movements in the coming days.
Today the price of bitcoin is $10,390. On the 4-hour chart we see a flat in the range of - $10,200 - $10,550. MACD and RSI indicators show uncertainty of buyers and sellers. The OBV indicator shows an increase in buying volumes relative to the previous price peak, which can be regarded as a bullish signal, as it indicates that buyers are beginning to dominate the bitcoin market. Overcoming the previous high of $10,600 will be a solid signal to buy.
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In the previous review, we looked at short or flat as likely patterns of bitcoin price movements in the coming days.
Subscribe to the channel and stay with us!