Bitcoin / Tether USDUpdated Bitcoin :- 4hr Chart Analysis
A considerable fall has been seen on BTC all the way from first touching 9k now back down to 7800 levels.
Points to Keep in Mind :-
1.A Possible Higher Low is still in place unless we break 7300.
2.The next higher high target has been reduced to 9600 due to the new higher low at the moment in place.
3.A break of the trendline is key to see any further upside.
4.Weekly Support of 8024 is Key and that is what i am holding out for.
5.PRICE + RSI DIVERGENCE + DOWNTRENDLINE IS VISIBLE ON RSI.THIS WILL SHAPE AND DECIDE WHAT HAPPENS NEXT WITH BTC.
Points to Keep in Mind :-
1.A Possible Higher Low is still in place unless we break 7300.
2.The next higher high target has been reduced to 9600 due to the new higher low at the moment in place.
3.A break of the trendline is key to see any further upside.
4.Weekly Support of 8024 is Key and that is what i am holding out for.
5.PRICE + RSI DIVERGENCE + DOWNTRENDLINE IS VISIBLE ON RSI.THIS WILL SHAPE AND DECIDE WHAT HAPPENS NEXT WITH BTC.
Note
Price have moved over 8k breaking the downtrendline.Good Bullish sign
Related publications
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.