BTC 4H Resistance and support
What to expect on the BTC chart? As you can see, the price broke out of the local downtrend line.
Looking at the price rebound, it is worth spreading the trend based fib extension grid, thanks to which you can see the resistance zone from $42,819 to $43,692.
On the other hand, there is support at the level of $40,857, and then we have an important zone from $39,401 to $38,613.
The RSI indicator still shows room for a price increase, while the STOCH indicator remains above the upper limit, which may result in a price recovery.
Looking at the price rebound, it is worth spreading the trend based fib extension grid, thanks to which you can see the resistance zone from $42,819 to $43,692.
On the other hand, there is support at the level of $40,857, and then we have an important zone from $39,401 to $38,613.
The RSI indicator still shows room for a price increase, while the STOCH indicator remains above the upper limit, which may result in a price recovery.
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