BITCOIN 4 HOUR

Bitcoin has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The currency has broken a resistance level and given a positive signal for the long-term trading range. The currency is testing resistance at points 30700. This could give a negative reaction, but an upward breakthrough of points 30700 means a positive signal. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the currency. The currency is overall assessed as technically neutral for the medium long term.