09.05.202506:27 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement Bitcoin Cryptocurrency, Friday May 09, 2025.

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On the 4-hour chart of the Bitcoin cryptocurrency, the Stochastic Oscillator indicator can be seen to be in Overbought conditions and is now preparing to Cross SELL and break below level 80 (Overbought) where this indicates that in the near future Bitcoin has the potential to be corrected down to the Bullish Fair Value Gap area level, but as long as the correction does not break and close below the level of 99049.38, Bitcoin still has the potential to strengthen again to the level of 105185.84 and if the momentum of strengthening and volatility support it, 107951.07 will be the next target for #BTC.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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