BTCUSDT 4H | Bitcoin market overview: Volatility is going down
Hello, dear subscribers!
Since the previous review, the price of bitcoin has ranged between $32,000 and $40,000.
Bitcoin price volatility is gradually decreasing, which is a sign of an upcoming strong price movement. The current range is $36,000 - $38,000. Price fixing outside this range will indicate an advantage for buyers or sellers. In the meantime, uncertainty remains in the bitcoin market.
Indicators RSI and MACD are on the side of the bulls. The OBV indicator is under resistance from above at 1.68M and 1.9M. In case the bulls manage to take over the market, resistance 1.9M will be their target.
Price levels of $40,000 - $41,000 are the target for the buyers and $33,000 and $30,000 for the sellers.
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Since the previous review, the price of bitcoin has ranged between $32,000 and $40,000.
Bitcoin price volatility is gradually decreasing, which is a sign of an upcoming strong price movement. The current range is $36,000 - $38,000. Price fixing outside this range will indicate an advantage for buyers or sellers. In the meantime, uncertainty remains in the bitcoin market.
Indicators RSI and MACD are on the side of the bulls. The OBV indicator is under resistance from above at 1.68M and 1.9M. In case the bulls manage to take over the market, resistance 1.9M will be their target.
Price levels of $40,000 - $41,000 are the target for the buyers and $33,000 and $30,000 for the sellers.
Subscribe to the channel and stay with us!
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