Bitcoin (BTC) price resumed its downward correction after falling below the 21-day line SMA.
Since August 16, the BTC price has failed to rise above the 21-day line SMA. A rally could have pushed the BTC price to retest or break through the resistance at $25,205. The bullish momentum will extend to the $28,000 high.
Today, the bears have undercut the 21-day line SMA while the market has reached the low of $23,371, which means that the BTC price is in danger of falling further down. According to the price indicator, Bitcoin will fall to a low of $22,920. On the downside, Bitcoin will be forced to make a range-bound move if it pulls back and holds above the 50-day line SMA. In the meantime, it will trade between the moving average lines. The largest cryptocurrency will develop a trend when the moving average lines are broken.
Bitcoin көрсөткүчүн окуу
Meanwhile, Bitcoin is at level 50 of the Relative Strength Index for period 14, indicating that there is a balance between supply and demand. It is likely that Bitcoin will move back within a trading range between the moving average lines. Nevertheless, the BTC price is below the 20% range of the daily stochastic. This indicates that the market has reached the oversold area. The 21-day line SMA and the 50-day line SMA are on the upside, indicating an uptrend.
Техникалык-көрсөткүч
Негизги каршылык зоналары: $ 30,000, $ 35,000, $ 40,000
Негизги колдоо аймактары: $ 25,000, $ 20,000, $ 15,000
BTC үчүн кийинки багыт кандай?
Bitcoin is bearish after an unsuccessful attempt to break through resistance at $25,205. Meanwhile, the downtrend from August 16 has a candle body testing the 61.8% Fibonacci retracement. The retracement suggests that Bitcoin will fall to the level of the 1.618 Fibonacci extension or the level of $22,920.48.
Эскертүү. Бул талдоо жана божомол автордун жеке пикири жана cryptocurrency сатып алуу же сатуу боюнча сунуш эмес, жана CoinIdol тарабынан ырастоо катары каралбашы керек. Каражат салуудан мурун окурмандар өз алдынча изилдөө жүргүзүшү керек.
Булак: https://coinidol.com/bitcoin-23413-low/