4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

🚩Current Bitcoin price situation analysis🔔

BTC/USD – #Bitcoin

![wykresD.png](https://cdn.steemitimages.com/DQmYBwvjBxebbm2TAoiswxfCEFgyYuV47mFAtB7W3PZQJ5Q/wykresD.png) Source: [*TradingView.com@luke-ccc*](https://www.tradingview.com/x/8qJxP3Ly/)
Bitcoin has seen an increase of almost 3% in the last week and has a run of three growth candles W1. However, the dynamics of the approach leaves much to be desired, trade is still contained in a candle with a visible upper wick.
From a technical point of view, the positive information that emerges from the chart is the return of the price to the falling wedge, so we can expect the price to increase to the upper limit. Also, the RSI indicator is growing above 40 points, so there is still a lot of space to range of overbought.
As long as BTC is above 3,600wecanexpectfurtherslowpriceincreases.Onlyaclearbreakdownofthelevelof3,600 we can expect further slow price increases. Only a clear breakdown of the level of4,400 will allow us to start another upward move.


![Belka 55.png](https://cdn.steemitimages.com/DQmTu11W4vGfDUYWcHvsV2p1LopEfB9ve4i1HgxcrSaL7hw/Belka%2055.png)

I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.

Steemit Logo If you like this blog, you can support it with a grant:
My wallet address:

▶ Bitcoin: 1MBubGJpQkGieifNWt8TYQRHuoswFGrjj1
▶ Litecoin: LW4cdCHbiPyKYtFBVZAdUQkKBhNHU3TgcV
▶ Ethereum: 0x06B22dAB9dB5C9dDE283102B15cE75dDBED333c3

31 upvotes $1.84

Replies (0)

Conversation

No replies yet

Replies will appear here as people join the conversation.

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next.


  
Technical details

Operation fingerprint: