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Technical Analysis of Intraday Price Movement Bitcoin Cryptocurrency, Tuesday December 24, 2024.
Technical Analysis of Intraday Price Movement Bitcoin Cryptocurrency, Tuesday December 24, 2024.
Crypto-currencies
2024-12-24 05:33:50
There are some interesting things that we can find on the 4-hour chart of the Bitcoin cryptocurrency where even though the current price movement of #BTC is below the WMA (30 Shift 2) that has a decreasing slope which means that Sellers are quite dominant, but with the appearance of the Megaphone pattern and followed by the appearance of deviations between the Bitcoin price movement and the Stochastic Oscillator indicator (5,3,3) gives an indication that in the near future Bitcoin has the potential to strengthen upwards where the level of 99486.00 will be tested to be broken upwards, which is important as long as there is no further weakening that falls to close below the level of 90873.44, Bitcoin has the potential to strengthen to the level of 102757.51 and if the momentum and volatility support it, Bitcoin still has the potential to continue its strengthening to the level of 106394.85.
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