Important !! Bitcoin trading involves a lot of risk and this analysis is not a recommendation or a call to sell or buy
In the 4H time range, Bitcoin has witnessed sharp fluctuations this month and is currently correcting showing the weakness of the bearish momentum with the formation of a symmetrical triangle pattern on the 1H band.
Momentum, RSI and CCI are in good bullish areas with positive divergence
Stochastic is approaching oversold areas with negative degeneration
MACD gives weak positive signal on 1D time scale
Summary: I expect Bitcoin to rise in the long term targeting 11880.54 - 12336.15 - 13149.74
In the 4H time range, Bitcoin has witnessed sharp fluctuations this month and is currently correcting showing the weakness of the bearish momentum with the formation of a symmetrical triangle pattern on the 1H band.
Momentum, RSI and CCI are in good bullish areas with positive divergence
Stochastic is approaching oversold areas with negative degeneration
MACD gives weak positive signal on 1D time scale
Summary: I expect Bitcoin to rise in the long term targeting 11880.54 - 12336.15 - 13149.74