BITCOIN UPDATE TODAY |#37thUpdate
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As I said in the last BTC update, “The next Bitcoin could test the 46,500 range or higher OR lower, then if the 46,500 resistance breaks we see it pump to 47,250. This position successfully maintaining at 47,500 can lead to 48,000 or more." The BTC pump, as we hoped, happened accurately and reached $49,000. This is what I expected if you look at my previous article you will understand.
Currently, BTC is showing bullish momentum according to the 4h chart and 1h chart. if anything changes quickly I will update 0n (XBT) Author: @cryptofamilyrky
Bitcoin is currently trading around $46,000
According to the 4-hour chart.
4h chart
📍- Resistance: $49,000
🟢- Support: $45,560
According to the hourly chart.
1h chart
📍- Resistance: $47,100
🟢- Support: $45,560
Next, Bitcoin could test the range of 45,560 or lower and then pump until if the resistance of 46,500 breaks we will see a good pump to 46,800. This successful position to hold at 47,000 can lead to 48,250 or more possible.
I will add a 1h, 4h chart below this article, to see and get an idea from the chart.
In my opinion, a small drop to 45,500 or lower in the next few hours if this 45,600 support is held at $46,000, $47,000, $48,000 is possible. Share your thoughts. 👍 what technical analysis do you need? comment below 👇
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