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Yesterday, Bitcoin tested the support level of 117,730 with a long lower shadow on the daily candle and closed the day above the inner line of the green price channel.
This indicates bearish weakness and signals an intention for the price to resume its upward movement after a wide-range week. The likely target is 125,190 – the upper boundary of the global ascending green price channel. The level of 122,185 serves as an intermediate resistance. The Marlin oscillator slightly declined over the past week, releasing pressure and now signaling readiness for further growth.
On the four-hour chart, the price resumed its upward movement after bouncing twice from the MACD line. The second test occurred at the intersection point with the target level of 117,730, which could reinforce the upward momentum. The Marlin oscillator has moved into positive territory. We expect the growth to continue.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
