What will happen to bitcoin in the coming days?
Our forecast, which we made at the beginning of last week, came true. The price has reached the range of $10,800 - $11,000. Here you can fix a position. If you listened to our signal, then the total profit would be from 7% to 10%. (tradingview.com/chart/BTCUSDT/sH9udRwp-Short-term-signal-for-Bitcoin-growth/)
What to expect from bitcoin now? On the hourly timeframe, the chart looks overbought. You can see this by the Stochastic and MACD indicators. A similar situation occurs on the 4-hour timeframe, where many accompanying signs indicate a correction.
At the same time, there is still a large power reserve on the daily timeframe. Therefore, we think that in the next couple of days, the decline may be down to $10,500. After that, it will be possible to judge the future direction of bitcoin.
What to expect from bitcoin now? On the hourly timeframe, the chart looks overbought. You can see this by the Stochastic and MACD indicators. A similar situation occurs on the 4-hour timeframe, where many accompanying signs indicate a correction.
At the same time, there is still a large power reserve on the daily timeframe. Therefore, we think that in the next couple of days, the decline may be down to $10,500. After that, it will be possible to judge the future direction of bitcoin.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.