Bitcoin (BTCUSD) e lula e sa fetohe ho sa tsotellehe khalemelo ea morao-rao

Azeez Mustapha

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BTCUSD Remains in a Correction Phase with Much Volatility

BTCUSD continues to navigate a correction phase characterized by significant volatility. Having reached an all-time high of $73,840 on March 14th, the cryptocurrency encountered resistance at this level, initiating a corrective movement that retraced to the previous all-time high and subsequently declined further. Notably, the $64,000 price level has been a focal point of heightened volatility as the market seeks to establish stability.

Maemo a bohlokoa a BTCUSD

Maemo a Phepelo: $ 73,000, $ 69,000
Maemo a Tlhokahalo: $ 59,000, $ 64,000

Bitcoin (BTCUSD) e lula e sa fetohe ho sa tsotellehe khalemelo ea morao-rao

Ha e ntse e le Bitcoin market undergoes a correction following its recent surge, it concurrently experiences elevated levels of volatility, reflecting the rapid fluctuations in price during this period. Investors are eagerly anticipating a stabilization phase that would enable buyers to regroup and regain momentum.

Crypto signals from the Average True Range (ATR) indicator on the daily timeframe highlight the current heightened volatility levels, persisting despite the ongoing correction phase that has lasted for over a week. Conversely, the Elders Force Index (EFI) illustrates the impact of the correction phase, with a drop below $64,000 resulting in a negative value, followed by an upward reversal as the price recovers above this critical level.

Bitcoin (BTCUSD) e lula e sa fetohe ho sa tsotellehe khalemelo ea morao-rao

Litebello tsa Mmaraka

On the 4-hour chart, the price descended within a channel to $60,675 before correcting upwards to break out of the channel, pushing the EFI line above the equilibrium. The current price is positioned at a confluence of the channel’s upper border and the $64,000 level, potentially offering crucial support for bulls to initiate an upward rally. However, the ATR indicator suggests that volatility remains high, adding a layer of complexity to the market’s current dynamics.

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Azeez Mustapha

Azeez Mustapha ke setsebi sa khoebo, mohlahlobi oa lichelete, leano la lipontšo, le molaoli oa lichelete ea nang le boiphihlelo bo fetang lilemo tse leshome lebaleng la lichelete. Joaloka blogger le sengoli sa lichelete, o thusa batseteli ho utloisisa likhopolo tse rarahaneng tsa lichelete, ho ntlafatsa tsebo ea bona ea ho tsetela le ho ithuta ho sebelisa chelete ea bona hantle.

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