Bitcoin Analysis – 28.Jan.2024
Bitcoin Analysis: By checking the Bitcoin chart in the 4-hour time frame, we can see that based on the previous analysis, the price grew up to the range of $42,200, and then faced a heavy fall and corrected up to $38,500! After that, the price started to grow again and now it has entered an important range of supply in the $42500 zone! If the price stabilizes below this supply range , we will probably see a further drop in Bitcoin! The second (Bullish) scenario becomes valid if the price penetrates above $43,500 and stabilizes, in this case, Bitcoin will reach higher levels such as $45,500, $45,900 and $46,790!
(This Post on TradingView)
Author : Arman Shaban
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