Deur NewsBTC - 11 maande gelede - Leestyd: 2 minute
Bitcoin Price Struggles To Recover and Remains Vulnerable To Fresh Decline
Bitcoin price is struggling to recover above the $26,650 resistance. BTC might start another decline if it stays below the $26,650 resistance zone.
Bitcoin is consolidating below the $26,600 and $26,650 resistance levels. The price is trading below $26,650 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover if there is a clear move above the $26,650 resistance.Bitcoin Price Faces Hurdle
Bitcoin prys gebly in 'n bearish zone below the $27,500 resistance zone. BTC extended its decline and traded below the $26,000 level. A low was formed near $25,865 before the price started an upside correction.
There was a move above the $26,200 level. The price is trading above the 23.6% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. However, the price is facing many hurdles near $26,650.
Bitcoin price is now consolidating below the $26,600 and $26,650 resistance levels. There is also a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $26,550 level. The next major resistance is near the $26,650 level or the 50% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. A close above the $26,650 resistance zone might send the price toward the $27,200 resistance zone.
Bron: BTCUSD op TradingView.com
The next key resistance is near $27,550, above which the price might rise toward the $ 28,000 weerstand. Any more gains might send the price toward the $28,200 resistance level.
Verse afname in BTC?
If Bitcoin’s price fails to clear the $26,650 resistance, it could start another decline. Immediate support on the downside is near the $26,200 level.
The next major support is near the $26,000 zone, below which the price might revisit the last swing low at $25,865. Any more losses might take Bitcoin toward the $25,000 level in the near term.
Tegniese aanwysers:
Uurlikse MACD - Die MACD verloor nou tempo in die bullish sone.
Uurlikse RSI (Relative Strength Index) - Die RSI vir BTC / USD is nou bo die 40-vlak.
Belangrike ondersteuningsvlakke - $ 26,200, gevolg deur $ 26,000.
Groot weerstandsvlakke – $26,550, $26,650 en $27,200.
Oorspronklike bron: NewsBTC