BTCUSDT 4H | Bitcoin market overview: Back in 2017
Hello, dear subscribers!
In previous days, Bitcoin surprised experienced cryptoenthusiasts, showing unprecedented growth. Maximum 6.11 - $15,960. The technical situation of divergence on RSI, OBV and MACD indicators was broken and the market showed a breakthrough in price and indicators. We are in the overbought zone. On the 4-hour chart, we see 10 green candlesticks in a row.
This movement has formed new support and resistance zones. Currently, the support zones are - $14,500 - $14,800 and $13,600 - $14,000. The resistance zone is located at $16,000 - $16,400 levels. Current price levels were observed in the Bitcoin market in January 2018, which gives buyers confidence that new price highs are ahead.
After long term growth and unprecedented purchases - OBV has exceeded 1,150,000, the bitcoin market may go into correction, because in addition to technical signals, the price today is good for sellers.
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In previous days, Bitcoin surprised experienced cryptoenthusiasts, showing unprecedented growth. Maximum 6.11 - $15,960. The technical situation of divergence on RSI, OBV and MACD indicators was broken and the market showed a breakthrough in price and indicators. We are in the overbought zone. On the 4-hour chart, we see 10 green candlesticks in a row.
This movement has formed new support and resistance zones. Currently, the support zones are - $14,500 - $14,800 and $13,600 - $14,000. The resistance zone is located at $16,000 - $16,400 levels. Current price levels were observed in the Bitcoin market in January 2018, which gives buyers confidence that new price highs are ahead.
After long term growth and unprecedented purchases - OBV has exceeded 1,150,000, the bitcoin market may go into correction, because in addition to technical signals, the price today is good for sellers.
Subscribe to the channel and stay with us!
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