Hi everyone, I prefer BTCUSD for technical analysis and use an hourly chart. Price has failed to maintain its bearish momentum, began a reversal after falling to 17678 this week, and is now trading above 21000. Prices have entered more than 18000 integration channels and are rising above these levels. Now that price demand has improved, I expect the price to rise above the 22000 level. We can see a downward pattern above 17600; this is a bullish reversal pattern as it shows a bearish reversal and an upward trend. STOCH and STOCH RSI point to higher buying levels, so I expect a sudden drop in price in the short term. The RSI is 66, which indicates the need for prices at current market levels. All critical technical indicators point to a purchase, which means we expect targets at 22000 and 23500 in the short term.
Price entered the consolidation channel at extra than 18000, and the pullback I count on to proceed to hit 22000. We can see the trending song making over 18000, and now we see the anticipated tiers at 22000 and 24000. The momentary charge point of view is bullish, the medium-term point of view modifications rapidly, and the long-term outlook stays impartial in cutting-edge market conditions. Prices are secure over 21,000 core support, geared up for extra benefits. The charge is now 21486, which will open the way to 22000.
The rate is rising rapidly, and the non permanent goal is 22000 and 23500. Daily RSI indicates up to 31, so reasonable demand stays weak. We can see inflation above 21000, and now we are searching at essential aid degrees at 21237 and 21305. This week, expenses must continue to be above the imperative assist of 21,000. The weekly view I assume to be 22500 and the whole vicinity to be 21000.
