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Bitcoin Forecast Current Technical Analysis
In times of controversy and discussions, we must rely on sober technical analysis regarding Bitcoin with updated BTC/USDT forecasts: with technical analysis on the four-hour timeframe. The current situation indicates that the correction has reached the 200 Moving Average on the four-hour timeframe and has started to rebound from it.
There are no strong indicators of the end of the Bitcoin correction, and the correction may extend again to $113,600, which is a strong rebound area at Fibonacci levels.
Short-term forecasts
- Rebound: We may see a rebound up to the level of 119,300$ due to the presence of significant liquidation positions up to that price.
- RSI Indicator: The RSI indicator has reached the oversold level, supporting the idea of a rebound.
Important price levels
- $113,600: A strong rebound area at Fibonacci levels.
- $119,300: A strong resistance level due to the presence of significant liquidation positions.
#BitcoinForecast📈💡 #BTC_USDT #TechnicalAnalysis #Bitcoin
In times of controversy and discussions, we must rely on sober technical analysis regarding Bitcoin with updated BTC/USDT forecasts: with technical analysis on the four-hour timeframe. The current situation indicates that the correction has reached the 200 Moving Average on the four-hour timeframe and has started to rebound from it.
There are no strong indicators of the end of the Bitcoin correction, and the correction may extend again to $113,600, which is a strong rebound area at Fibonacci levels.
Short-term forecasts
- Rebound: We may see a rebound up to the level of 119,300$ due to the presence of significant liquidation positions up to that price.
- RSI Indicator: The RSI indicator has reached the oversold level, supporting the idea of a rebound.
Important price levels
- $113,600: A strong rebound area at Fibonacci levels.
- $119,300: A strong resistance level due to the presence of significant liquidation positions.
#BitcoinForecast📈💡 #BTC_USDT #TechnicalAnalysis #Bitcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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