empty
 
 
05.04.2024 06:07 PM
Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday April 05 2024.

This image is no longer relevant

On the 4-hour chart of the Bitcoin cryptocurrency, it appears that its price movement is above WMA 30 Shift 2, which shows that buyers are still dominant even though the momentum condition is still flat, as indicated by the slope of WMA 30 Shift 2, which is still flat, but the potential for strengthening is still there, although a weakening correction could occur. down, but if it doesn't fall below the 65073.75 level, Bitcoin still has the potential to strengthen up to the 69355.04 level and if this level is successfully broken upwards then the 71368.91 level will be the next main target and if the momentum and volatility are supportive then the 73859.31 level will be the next target which try to achive.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback