I-Bitcoin (i-BTC) ibuyela kwiNkxaso eBalulekileyo yokuPhukezwa okunokwenzeka

UAzeez Mustapha

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Imirhumo yenyanga iqala kwi-£58.

Iindawo eziManyeneyo eziPhambili: $ 10,000, $ 11,000, $ 12,000
Iindawo eziNkxaso eziPhambili: $ 7, 000, $ 6, 000, $ 5,000

I-BTC / i-USD yexesha elide: Ukuthwala
Bitcoin is falling after the bulls fail to overturn the overhead resistance at $10,400. The resistance at $10,400 has been a strong resistance since August 2019. The bears have succeeded in breaking the support at $9,800. This was the price level where the coin rebounded a week ago.

The price is falling and it is approaching the next support at $9,200. When prices make a downward move, the bearish momentum is always strong. On the downside, if the bulls fail to defend the support at $9,200, BTC will fall to the low of $8,400. Nonetheless, if the bears break the support of $9,200, the downtrend has resumed.

BTC / USD - Itshati yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
Bitcoin is falling and approaching the support line of the ascending channel. If the price breaks the support line and closed below it, it indicates that the selling pressure is ongoing. BTC is now trading at level 50 of the Relative Strength Index. It indicates that the market has reached equilibrium at the time of writing.

I-BTC / i-USD yeXesha eliPhakathi leNdlela: Ukuthwala
On the 4 hour chart, BTC has resumed a downward move as the bears broke the supports of $10,200, $9,800 and it is approaching the low of $9,200. Given the current downtrend, if the bears break the low of $9,200, Bitcoin will drop to the low of $8,400. Bitcoin will have a respectable balance if the bulls defend the low of $9,200.

I-BTC / i-USD - itshati ye-4

Isalathisi seeyure ezingama-4 Ukufunda
The EMAs have formed a bearish crossover as the 21 day SMA crosses below the 50-day SMA. The price breaks the bearish trend line and closed below it. This shows that the selling pressure will continue. Bitcoin is below 20% range of the daily stochastic. That means that BTC is in a strong bearish momentum.

Imbonakalo Jikelele yeBitcoin (BTC)
Undeniably, Bitcoin is now on a downward move. The price will fall and reach a low of $9,200. Surprisingly, a rebound may take place if the bulls defend the support at $9,200. It is doubtful if the bulls will be able to defend the current level as the bearish momentum is strong.

Umqondiso woRhwebo lwe-BTC
Isixhobo: BTC / USD
Umyalelo: Thengisa
Ixabiso lokungena: $ 9689
Yeka: $ 9800
Ithagethi: $ 9,200

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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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