BTCUSDT 4H | Bitcoin market overview: Rebound from $30,000
Hello, dear subscribers!
In the previous review, we looked at the bitcoin price falling below $30,000.
The bears did not have a long term hold below the $30,000 level. Buyers found the price of $29,000 to $30,000 to be very good to buy bitcoin. This was followed by a sharp pullback up to $35,000. The price movement was well within the support and resistance marked zones of $29,000 - $35,000.
Now the bitcoin price is in the middle of the zone at $32,500. Indicators MACD and RSI are in the zone of uncertainty. The OBV indicator after touching support - 1.5M bounced sharply to resistance - 1.68M and is near the upper boundary of resistance.
The local support level is $32,000 - $32,500. A price fixation below that level will give the bears a new chance to attack $30,000.
Subscribe to the channel and stay tuned!
In the previous review, we looked at the bitcoin price falling below $30,000.
The bears did not have a long term hold below the $30,000 level. Buyers found the price of $29,000 to $30,000 to be very good to buy bitcoin. This was followed by a sharp pullback up to $35,000. The price movement was well within the support and resistance marked zones of $29,000 - $35,000.
Now the bitcoin price is in the middle of the zone at $32,500. Indicators MACD and RSI are in the zone of uncertainty. The OBV indicator after touching support - 1.5M bounced sharply to resistance - 1.68M and is near the upper boundary of resistance.
The local support level is $32,000 - $32,500. A price fixation below that level will give the bears a new chance to attack $30,000.
Subscribe to the channel and stay tuned!