FX.co ★ teagan.orn | #Bitcoin chart analysis

#Bitcoin H4 Bitcoin is currently, one could say, trading in a sideways range and the boundaries of this range are the support level 80171 and the resistance 83376. The moving average in this case cannot provide any clear indication for the outlook. Therefore it is necessary now to wait for Bitcoin prices to break out beyond this sideways channel and only then draw conclusions about the continuation of the trend. The continuation of the trend will be in the direction in which they break out and, of course, are able to hold beyond this channel. Without holding beyond it there is a high probability of a false breakout and the prices moving in the opposite direction. Best wishes to all.