Bitcoin course may expect to increase to USD 36,000 after a short decline

Bitcoin course may expect to increase to USD 36,000 after a short decline
The Bitcoin course has increased almost half of its value since the beginning of the year. Nevertheless, Bitcoin has been struggling with the resistance of around $ 31,000 for almost four months. If this resistance is broken, the course could continue to increase to the next FIB level at around $ 36,000. A break of the golden ratio at around $ 50,000 would even mean a new bull market for Bitcoin. In addition, the MACD lines in the Monthly Charge show a bullish trend and the histogram of the MacD confirms this trend. The upward trend of Bitcoin in 2023 is therefore clear.
In the weekly chart, the Golden Crossover of the EMAS confirms the medium -term bull trend. However, the histogram of the MacD begins to tick the bear this week, which indicates a continuation of the correction movement.
In the short term, the Bitcoin course could fall on the 0.382 FIB support at around $ 28,900 due to a correction movement. There the 50-dayema acts as additional support. When this point has been reached, the course could increase again and target the resistance at around $ 31,000. The MACD also shows a continuation of the correction movement in the daily type, while the RSI is neutral and the EMAs confirm the short to medium-term bull trend.
The Golden Crossover also confirms the short-term bull trend in the 4-hour chart. However, the histogram of the MacDs also begins to tick well and the MacD lines could cross bearingly. The RSI does not show a clear direction and moves in a neutral area. If the 0.382 FIB does not maintain support at around $ 28,900, the Bitcoin course on the Golden Ratio could fall at around $ 27,300. However, as long as Bitcoin bounces off from there, the upward trend remains intact.
The Bitcoin dominance is currently near the 0.382 FIB resistance on the 50-monthema at around 52.5 %. A successful breakthrough could lead to an increase in dominance to the Golden Ratio at around 60.5 %, which represents a potential of around 16 %. However, if the dominance is rejected in a bear, the next significant FIB support supports around 47 % and 43.5 %. In the Monthly Charming, the histogram of the MacD shows a bullish trend and the MacD lines are oversubscribed bullish, while the RSI does not give any clear signals.
The information in this article only serves for information purposes and should not be considered financial or investment advice. Everyone should carry out their own research and consult a specialist before making financial decisions. The past performance is not a guarantee for future results.