Bitcoin Analysis – 31.Jan.2024
Bitcoin Analysis: By examining the Bitcoin chart in the 4-hour time frame, we can see that Bitcoin, after its correction up to $41,600, was again accompanied by price growth and was able to grow up to $43,800! After collecting liquidity above this level, we saw that the price has been corrected again and it is currently trading in the range of $42,500! We have to see if the price can maintain the support of this range or we have to see more correction of Bitcoin! Today’s news can affect cryptocurrencies! If the price penetrates and stabilizes above $43,500, then we will see bitcoin grow to higher levels such as $45,500, $45,900 and $46,790!
(This Post on TradingView)
Author : Arman Shaban
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