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2023-10-07 21:47
November 27
Bitcoin analysis
Bitcoin analysis Weekly time frame
Review as price action
In the weekly time frame, the general trend is upward, but the price is currently around a supply area, and there is a possibility of price correction until it is below the 40,000 price.
Bitcoin analysis Daily time frame
Review as price action
There will be a possibility of Bitcoin declining to lower areas due to the indecision in the candles and being in the supply area.
Bitcoin analysis 4-hour time frame
Review as price action
Considering the selling pressure created in the previous few candles and the 4-hour trend line breaking, there is a declining possibility to around 35640 (this scenario is suitable for oscillators).
In case of a descent and confirmation below the 35,640, Bitcoin can drop to lower areas.
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Technical, Fundamental, and Sentimental analysis of Bitcoin in Forex
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