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Key Support Sones: $ 7, 000, $ 6, 000, $ 5,000
BTC / USD Trend op lange termyn: Bearish
After the last breakdown on March 12, the coin dropped from the high of $8,000 to the low of $4,600 and then resumed consolidation. Bitcoin has continued to fluctuate between $4,500 and $5,500. The bulls are currently facing resistance at $6,000 after a break above $5,500. Bitcoin recovery will be impossible if the market fails to push above $6,000. The downward move may resume if Bitcoin fails to push above $5,500 and $6,000, there is a likelihood of price falling. The bears may take advantage and break below $4,500 support and this may extend to the low of $3,800.
Yndyske oantsjuttings foar lêzen fan kaart:
Bitcoin is currently below zero line of the MACD. When the MACD line and the signal line are below zero line; it indicates that it is a sell signal. The moving averages also have a bearish crossover as the 21-day SMA crosses below the 50-day SMA
BTC / USD Medium-termyn Trend: Bearish
On the 4- hour chart, the market is still fluctuating between $4,500 and $5,500. The price has broken above $5,500 but was resisted at the $6,000. The bull’s upward move is pretty difficult as Bitcoin faces selling pressure at higher price levels.
4-oere grafyske yndikatoaren lêze
Bitcoin is nivo 25 fan 'e deistige Relative Strength Index. BTC is fallen yn 'e oversold regio fan' e merk. Dit is in oanwizing dat keapers wierskynlik sille ûntstean yn 'e oerferkochte regio. De merk hat berikt it nivo fan in keapsinjaal.
Algemiene Outlook foar Bitcoin (BTC)
Bitcoin is currently consolidating between $4500 and $5,500.At the initial upward move, the bulls have been repelled. The pressure is likely to extend to the lower price range. The downward movement will resume if price breaks
Ynstrumint: BTC / USD
Oarder: keapje
Tagongspriis: $ 5,700
Stopje: $ 4,800
Doel: $ 8,000
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