Uhlalutyo lwamaxabiso eBitcoin (BTC) -Amachaphaza amdaka aXokayo Phambi kweBitcoin

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

79% izinga lempumelelo. Iziphumo zethu ziya kukuvuyisa.

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Imirhumo yenyanga iqala kwi-£58.

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The bears have continued to stay in the market as Bitcoin’s extend support to the $8500 zone overnight. Due to the price drop, the market has currently recorded a loss of about -1.2.6%. This time, if the $8500 support fails to suppress selling pressure, Bitcoin would further look for lower support.

Uhlalutyo lwamaxabiso eBitcoin (BTC): Itshathi yeVeki-yeBhayi

Amanqanaba aphambili okumelana: $ 8880, $ 9000, $ 9200
Amanqanaba enkxaso ephambili: $ 8500, $ 8300, $ 8100

Bitcoin is looking bearish on the weekly chart, although it’s a necessary pullback which is likely to resume buying soon. But looking at the previous candle close, the bearish setup is just building up. We may see a weekly close of $8100 if the selling pressure elapses. Meanwhile, Bitcoin held immediate support at $8300 which could be the next selling target.

However, if the new support ($8500) can hold well, BTC could look for resistance around the $8800. Still, we need a weekly close above the $9000 resistance before we can validate a positive move. Once we clear the resistance, Bitcoin might reach $12000 in a couple of days. Currently, the technical indicators are on the downside, suggesting a bearish continuation.

Uhlalutyo lwamaxabiso eBitcoin (BTC): Itshathi yeYure-Yenye

Looking at the hourly chart, Bitcoin is undergoing a lot of bearish pressure over the past few days. The latest price drop has made BTC to now trade in the $8500 zone. It appeared the market is looking for support around the $8000. It may take a few days for Bitcoin to reach this support due to the recent slow movement in price.

However, $8400 and $8300 may come in play soon. On the upside, there’s no bullish sign for BTC at the moment. Nevertheless, the $8700 and $8800 resistance may be explored if the bulls can push well. The technical RSI and MACD are defiantly bearish to show that Bitcoin is weak at the moment.

YOKUTHENGISA UMqondiso BITCOIN

Thengisa ungeniso: $ 8688
I-TP: $ 8515 / $ 8444
Isl: 8750