BTCUSDT 4H | Bitcoin market overview: Yearly maximum
Hello, dear subscribers!
In previous days, the price of bitcoin updated its yearly maximum! The maximum price was - $13,350. Let's have a look at the RSI, MACD and OBV indicators.
RSI was in the overbought zone at the maximum price and formed a pattern of divergence. The same pattern is found on the OBV indicator, and the important resistance on the OBV is 900k. In general, the decrease in the volume of purchases indicates a decrease in bulls activity. The MACD shows a decline in the strength of the upward trend.
Resistance from above: $13,700 - $14,000.
Support levels: $12,700 and $12,300 - $12,000.
The current Bitcoin price is $12,980. Current trend - correction after an aggressive rise.
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In previous days, the price of bitcoin updated its yearly maximum! The maximum price was - $13,350. Let's have a look at the RSI, MACD and OBV indicators.
RSI was in the overbought zone at the maximum price and formed a pattern of divergence. The same pattern is found on the OBV indicator, and the important resistance on the OBV is 900k. In general, the decrease in the volume of purchases indicates a decrease in bulls activity. The MACD shows a decline in the strength of the upward trend.
Resistance from above: $13,700 - $14,000.
Support levels: $12,700 and $12,300 - $12,000.
The current Bitcoin price is $12,980. Current trend - correction after an aggressive rise.
Subscribe to the channel and stay with us!