Recently I made an analysis on Bitcoin where I stated that the bulls needed to prove something quickly before BTC would fall all the way back to the capitulation lows around $26k.
Since making that post, the bulls came out in force and forced the price above the prior indicated horizontal consolidation area. Naturally, this is very bullish.
As it looks now, I think we're due a minor bearish correction where we'll reach inside the top support area before taking off again. The 4H RSI is severely overbought still, so I think it's only healthy to see some bearish price action.
First major area of resistance is going to be around $32.5k, see blue line.
Since making that post, the bulls came out in force and forced the price above the prior indicated horizontal consolidation area. Naturally, this is very bullish.
As it looks now, I think we're due a minor bearish correction where we'll reach inside the top support area before taking off again. The 4H RSI is severely overbought still, so I think it's only healthy to see some bearish price action.
First major area of resistance is going to be around $32.5k, see blue line.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.