TA: Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

Od NewsBTC - prije 1 godinu - Vrijeme čitanja: 2 minute

TA: Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

Bitcoin declined towards the $18,500 support zone against the US Dollar. BTC recovered sharply, but the bears are still active near the $20,500 and $20,650 levels.

Bitcoin climbed higher sharply after there was a test of the $18,500 zone. The price is now trading above the $20,000 level and near the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline unless there is a move above the $20,500 resistance zone. Bitcoin Price Eyes Upside Break

Bitcoin price started another decline below the $20,000 support zone. The price even traded below the $19,200 support zone and spiked below the $18,800 level.

There was a test of the $18,600 zone and the price traded as low as $18,617. Recently, there was a sharp upward move and the price climbed above the $19,500 resistance. There was a move above the 50% Fib retracement level of the key drop from the $21,697 swing high to $18,617 low.

However, the price is now facing a strong resistance near the $20,500 zone and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $20,400 on the hourly chart of the BTC/USD pair.

The trend line is close to the 61.8% Fib retracement level of the key drop from the $21,697 swing high to $18,617 low. An immediate resistance on the upside is near the $20,500 level.

Izvor: BTCUSD na TradingView.com

Sljedeći ključni otpor je blizu zone od 20,950 dolara. Jasno kretanje iznad otpora linije trenda, a zatim 20,950 dolara moglo bi pogurati cijenu dalje više. U navedenom slučaju cijena bi mogla porasti do nivoa od 21,650 dolara. Sljedeći veliki otpor je blizu nivoa od 22,500 dolara.

Svježi pad BTC-a?

If bitcoin fails to clear the $20,500 resistance zone, it could start another decline. An immediate support on the downside is near the $20,000 level.

Sljedeća velika podrška sada je blizu nivoa od 19,800 dolara, ispod kojeg bi cijena mogla snažno pasti. U navedenom slučaju cijena bi se možda mogla spustiti na nivo od 18,500 dolara.

Tehnički indikatori:

MACD na satu - MACD sada sve više napreduje u zoni bika.

RSI po satu (indeks relativne snage) - RSI za BTC / USD sada je iznad nivoa 50.

Glavni nivoi podrške - 20,000 USD, a slijedi 19,800 USD.

Glavni nivoi otpora - 20,500, 20,950 i 21,650 dolara.

Izvorni izvor: NewsBTC