Bitcoin (BTC) katika Stalemate, Je! Ng'ombe Wanaweza Kuvunja Upinzani kwa $ 10,360?

Azeez Mustapha

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Kanda za Upinzani muhimu: $ 10,000, $ 11,000, $ 12,000
Kanda za Msaada Muhimu: $ 7, 000, $ 6, 000, $ 5,000

Mwenendo wa muda mrefu wa BTC / USD: Bullish
Bitcoin is on the downward move because of the resistance at $10,400. Yesterday, the market reached a high of $10,460 but the bulls could not sustain the upward move above the resistance at $10,360. In retrospect, the bulls have succeeded in breaking above $10,000 but have been unsuccessful to trade above the $11,000 since August 2019. Today, Bitcoin is trading above the $10,000; can it overcome the next major resistance at $10,360?

This will depend on the buying power of the coin. On the upside, a break above $10,360 will push BTC above $11,000. Bitcoin is currently fluctuating above $10,000. It is anticipated that the $10,000 support is likely to hold, for the resumption of an upward move. However, if the $10,000 support cracks, BTC will drop to $9,800.

BTC / USD - Chati ya Kila siku

Kusoma Viashiria vya Chati ya Kila Siku:
Presently, Bitcoin has dropped to level 65 of the Relative Strength index period 14. BTC was recently overbought, that was the reason for its downward move. It is expected that the retracement ought to be at the next support. Meanwhile, the 21-day SMA and the 26-day SMA are pointing northward indicating the uptrend.

BTC / USD Mwenendo wa Muda wa Kati: Bullish
On the 4 hour chart, the bulls were making concerted efforts to break the $10400 resistance. The price bars are below the resistance before it was eventually resisted. The price is still hovering above $10,000. BTC will bounce back if the current support holds. Meanwhile, the 21-day SMA provides support for the price.

Viashiria vya Chati ya saa 4 Kusoma
Bitcoin has also dropped below 80% range of the daily stochastic. It means that the coin is in bearish momentum. The bearish momentum is nearing exhaustion. Meanwhile, if the downward move continued and breaks below EMAs and the trend lines, the selling pressure may resume.

BTC / USD - Chati ya Saa 4

Mtazamo Mkuu wa Bitcoin (BTC)
Bitcoin is in a deadlock as the bulls are yet to break the resistance at $10,360. The bottom line is that Bitcoin has not traded above $11,000 for the past five months. Nonetheless, if the bulls break the current resistance, the current deadlock will be broken. This will largely depend on the price action if the $10,000 support holds.

Ishara ya Biashara ya BTC
Ala: BTC / USD
Agizo: Nunua
Bei ya kuingia: $ 10,307
Acha: $ 10,000
Lengo: $ 11,000

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Azeez Mustapha

Azeez Mustapha ni mtaalamu wa biashara, mchambuzi wa sarafu, mkakati wa ishara, na msimamizi wa fedha na uzoefu wa zaidi ya miaka kumi ndani ya uwanja wa kifedha. Kama blogger na mwandishi wa fedha, husaidia wawekezaji kuelewa dhana ngumu za kifedha, kuboresha ujuzi wao wa uwekezaji, na kujifunza jinsi ya kusimamia pesa zao.

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