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.
Relevance up to 03:00 2023-01-14 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
