empty
 
 
24.12.2024 07:33 AM
Technical Analysis of Intraday Price Movement Bitcoin Cryptocurrency, Tuesday December 24, 2024.

This image is no longer relevant

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.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback