Bitcoin | Momentum Reversal on 4-Hour Frame
The price of Bitcoin has bounced strongly from the $86,000 area, and the MACD indicator on the 4-hour frame has turned bullish with expanding green bars - a typical reversal of the early trend. The trading volume confirms real buying, not just a downward flow.
Key Levels:
Entry Level: $90,800 - $91,300 (Sound Retest)
Targets: $94,200 | $95,800 | $97,200
Stop Loss: $89,500
BTC
90,064.92
-2.11%
As long as the price of Bitcoin remains above $92,000, the next price movement is likely towards $95.5K - $97.2K.
Please follow up.