Analysis Cryptos Support & Resistance

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday January 13, 2023.

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Even though Bitcoin on the 4-hour chart is still in a significant Bullish condition which is confirmed by the Alligator which is moving upwards and the Awesome Oscillator which is above the positive area and the bar is green and the price movement is in the Bullish channel which is swooping up but with the emergence Wiseman. 1 (Bearish Divergent Bar) gives an important hint that a downward correction will occur with the projected target at the level of 17813.99 but as long as the downward correction does not exceed the level of 17522.73 then Bitcoin still has the potential to appreciate upwards again.

(Disclaimer)

The material has been provided by InstaForex Company – www.instaforex.com