Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday April 28, 2023.
April 28, 2023 7:22 am
With the appearance of deviation between price movement of Bitcoin cryptocurrency on its 4 hour chart with MACD indicator as well as the occurrence of the Golden Cross intersection between MA 20 and MA 50 so that in the near future Bitcoin has the opportunity to rally up but before that happens Bitcoin will be corrected down first to get momentum going up and up to the level of 29151.73 if this level is strong enough to hold the pace downward correction, then bitcoin will have the potential to rally again up to the level of 30817.64 as the main target and the level of 33027.93 will be the second target provided that during the test of the Bullish Orderblock level 29151.73 it is strong enough to hold the downward correction rate but if the opposite happens this level is successfully broken down to the bottom level is 27608.17, it is certain that the bull scenario described earlier will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of deviation between price movement of Bitcoin cryptocurrency on its 4 hour chart with MACD indicator as well as the occurrence of the Golden Cross intersection between MA 20 and MA 50 so that in the near future Bitcoin has the opportunity to rally up but before that happens Bitcoin will be corrected down first to get momentum going up and up to the level of 29151.73 if this level is strong enough to hold the pace downward correction, then bitcoin will have the potential to rally again up to the level of 30817.64 as the main target and the level of 33027.93 will be the second target provided that during the test of the Bullish Orderblock level 29151.73 it is strong enough to hold the downward correction rate but if the opposite happens this level is successfully broken down to the bottom level is 27608.17, it is certain that the bull scenario described earlier will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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