I-Bitcoin (i-BTC) kwi-Stalemate, Ngaba iiBulls zingaphula ukuchasana kwi-10,360 yeedola?

UAzeez Mustapha

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Ukuseta imizuzu eli-10 kunye neenzuzo ezinkulu. Incwadi yesikhokelo ibonelelwe ngokuthenga.

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Imirhumo yenyanga iqala kwi-£58.

Iindawo eziKhuselekileyo: $ 10,000, i-$ 11,000, i-$ 12,000
Iindawo eziNkxaso eziPhambili: $ 7, 000, $ 6, 000, $ 5,000

I-BTC / i-USD yexesha elide: 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.

I-BTC / i-USD-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
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.

I-BTC / i-USD yeXesha eliPhakathi lokuHamba: 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.

Isalathisi seeyure ezingama-4 Ukufunda
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.

I-BTC / i-USD-4 Itshathi yeYure

Imbonakalo Jikelele yeBitcoin (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.

Umqondiso woRhwebo lwe-BTC
Isixhobo: BTC / USD
Umyalelo: Thenga
Ixabiso lokungena: $ 10,307
Yeka: $ 10,000
Ithagethi: $ 11,000

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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