Suʻesuʻega o tau o Bitcoin - Bitcoin Targets New Weekly Low Ina ua maeʻa le toe faʻaleleia

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O le L2T Algo o lo'o tu'uina atu fa'ailoga sili ona aoga ma fa'aletonu la'ititi.

24/7 cryptocurrency fefaʻatauaʻiga. A o e momoe, matou te fefaatauai.

10 minute seti faʻatasi ai ma faʻamanuiaga tele. O loʻo tuʻuina atu le tusi lesona ma le faʻatau.

79% Fa'amanuiaina fua faatatau. O a matou taunuuga o le a faʻafiafiaina oe.

E oʻo atu i le 70 fefaʻatauaʻiga i le masina. E silia ma le 5 paipa o lo'o avanoa.

E amata totogi masina ile £58.

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TULAFONO

• Bitcoin recently saw a mild recovery but failed to surpass $9000
• The short-term bearish correction remains valid while Bitcoin consolidates

Over the past 24-hours, the entire crypto market saw a small recovery but now back on a bearish mode. Though Bitcoin has been quite stable at around $8800; following a sharp bounce from $8600. While attempting to reclaim $9000 yesterday, Bitcoin got rejected and now trading around $8700 at the moment as sellers show more interest.

Laʻasaga teteʻe autu: $ 8800, $ 8900, $ 9000
Maualuga lagolago tulaga: $ 8600, $ 8500, $ 8400

Bitcoin (BTC) Iloiloga Tau: Aso Taʻitasi - Bearish

Yesterday, Bitcoin touched $8600 with a long wick after witnessing a two weeks decline. Bouncing off this mentioned weekly low, Bitcoin recovered a bit near $9000 before closing around $8800 with a bullish doji.

Bitcoin is facing $8600 support again. If this support fails to hold, price drop into a key support area of $8400 – marked green on the daily chart. If BTC respects this demand zone along with the blue rising trend line, a quick bounce should send the price back to $10000 resistance in no time. For now, the closest resistance for Bitcoin is $9000

Bitcoin (BTC) Suʻesuʻega o Tau: 4H Chart - Bearish

On the 4-hours, Bitcoin has been in the middle of consolidation for the past few hours now. While the $9000 resistance is proving difficult for the bulls to overcome on the upside, the $8600 has continued to suppress bearish actions for a while now.

However, it may break if the current bearish sentiment intensifies. In view of this, $8500 and $8400 supports may be explored. In case the bulls show a strong interest, Bitcoin is likely to regain momentum to $8900 and $9000 resistance before showing further direction. Nonetheless, BTC behaviour is still bearish at the moment.

Faʻatau atu BITCOIN Poloaiga

Faʻatau atu: $ 8620
TP: $ 8500
SL: $ 8800