Bitcoin / TetherUS

BTCUSDT 4H | Bitcoin market overview: Close to $58,000

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Hello, dear subscribers!

In the previous review we defined the important level of $58,000 for buyers and sellers.

In the following days, the sellers managed to bring the bitcoin price below $58,000, to $56,400. Bitcoin price is in a wide corridor between $56,000 and $60,000 and if the price is above $58,000, then the bulls have a stronger influence, if below, then the bears. At the moment, the bitcoin price is at $58,800, the buyers are making an attempt to take the initiative in their hands.
According to the MACD and RSI indicators there is a transition to a bullish picture, to determine the direction of the trend, it is important to close the current four-hour candle. OBV indicator over the past days showed a breakaway from the important support of the buyers - 2.15M. At the low - $56.400, the value of the OBV indicator touched support, after which the buyers were able to win back their positions.
As a result, we see continued uncertainty in the bitcoin market, the outcome of which may come in the near future.

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