Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday April 05 2024.
April 7, 2024 6:22 pm
On the 4-hour chart of the Bitcoin cryptocurrency, it appears that its price movement is above WMA 30 Shift 2, which shows that buyers are still dominant even though the momentum condition is still flat, as indicated by the slope of WMA 30 Shift 2, which is still flat, but the potential for strengthening is still there, although a weakening correction could occur. down, but if it doesn’t fall below the 65073.75 level, Bitcoin still has the potential to strengthen up to the 69355.04 level and if this level is successfully broken upwards then the 71368.91 level will be the next main target and if the momentum and volatility are supportive then the 73859.31 level will be the next target which try to achive.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the 4-hour chart of the Bitcoin cryptocurrency, it appears that its price movement is above WMA 30 Shift 2, which shows that buyers are still dominant even though the momentum condition is still flat, as indicated by the slope of WMA 30 Shift 2, which is still flat, but the potential for strengthening is still there, although a weakening correction could occur. down, but if it doesn’t fall below the 65073.75 level, Bitcoin still has the potential to strengthen up to the 69355.04 level and if this level is successfully broken upwards then the 71368.91 level will be the next main target and if the momentum and volatility are supportive then the 73859.31 level will be the next target which try to achive.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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