Bitcoin 4-Hour Analysis: What’s Next for BTC? 🕒22 August 24 !!

Curious about Bitcoin's next move? Let's dive into the latest 4-hour analysis to see what the charts are revealing. This could be crucial for new investors!

Support & Resistance Levels:

Support: The immediate support is hovering around $58,500, a key level to watch if the price starts to dip.Resistance: The nearest resistance sits around $61,500, a barrier that BTC needs to break for a bullish run.

RSI (Relative Strength Index):

The RSI is currently near 50, indicating a neutral market. It's neither overbought nor oversold, so the next move could be decisive.

MACD (Moving Average Convergence Divergence):

The MACD line is slightly crossing above the signal line, but without a strong bullish crossover. This suggests that momentum is weak, and the market could go either way.

Volume:

Volume is low, confirming that there’s no significant buying or selling pressure at the moment. This often precedes a major move.

Fundamental News:

Keep an eye on macroeconomic factors like inflation and the US economy’s performance. The upcoming CPI report could introduce some volatility in the market.

Stay tuned as these indicators could signal the next big move for Bitcoin! 🚀

✅ Like ❤️ | 🗯️ Comment 💬 | ♻️ Retweet 🔁 @KhannAmirr

#Marketupdates #CryptoUpdates #MtGoxRepayments #Write2Earn! #CryptoMarketMoves