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Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday November 15, 2024.
Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday November 15, 2024.
Crypto-currencies
2024-11-15 02:57:11
Although buyers still dominate the Bitcoin cryptocurrency where its price movement moves harmoniously within its daily bullish Pitchfork channel, the 4-hour chart actually shows that a weakening correction will occur where this is confirmed by the appearance of a deviation between the Stochastic Oscillator indicator and Bitcoin price movements and Bitcoin's failure to touch the Upper Line of its Daily Bullish Pitchfork so that in the near future Bitcoin has the potential to weaken down to the level of 84692.27 if this level is successfully broken and closes below it then #BTC will continue its weakening to the level of 80603.46 and if the momentum and volatility support then 76710.30 and/or the lower line of the bullish Pitchfork will be the next targets to be targeted but please also note that if Bitcoin strengthens again especially if it successfully breaks and closes above the level of 91845.27 then all previously described weakening predictions will become invalid and automatically canceled by themselves.
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