Bitcoin: Short Term Price Levels

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Chart 1, Bitcoin 4H

Bitcoin short term price levels are drawn to highlight the closest stop raids trends will gravitate towards. Heaps of pressure in the 9800’s. Lots of volume will be needed to break that level.

Chart 2, Bitcoin 1D

This is the daily chart and the Bitcoin price levels from the 4H chart were not removed. The redline MA has converged with major horizontal support. This is a very important level for bulls to hold. Red bar has been printed, so bulls only have a few days to recover it within the range before downside bidding ramps up.

Disclosure. The author owns BTC.

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