Ni NewsBTC - 2 ka tuig na ang milabay - Oras sa Pagbasa: 2 ka minuto
Bitcoin Turns Red, Why Bears Aim A Retest of $55K
Bitcoin price extended decline below the $60k support against the US Dollar. BTC could extend losses towards $55k in the coming sessions.
Bitcoin started a fresh decline below the $65k and $62k support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $58,500 and $57,500 support levels in the near term. Bitcoin Price Gains Bearish MomentumBitcoin price started a fresh decline from well above the $65,000 zone. BTC traded below the key $65,000 support level to enter a bearish zone.
There was a clear break below the $62,000 support and the 100 hourly simple moving average. Finally, the price traded below the main $60,000 support zone. A low is formed near $58,630 and the price is now consolidating losses.
On the upside, an immediate resistance is near the $60,000 level. The first major resistance is near the $60,450 level. It is close to the 23.6% Fib retracement level of the key decline from the $66,350 swing high to $58,630 low.
There is also a key bearish trend line forming with resistance near $61,000 on the hourly chart of the BTC/USD pair. A clear break above $61,000 resistance may possibly call open the doors for a steady recovery. The next major resistance sits near the $62,500 level.
Source: BTCUSD sa TradingView.comThe 50% Fib retracement level of the key decline from the $66,350 swing high to $58,630 low is also near the $62,500 level to act as a key hurdle. A move above the $62,500 level might start a fresh rally.
Dugang nga Pagkawala sa BTC?If bitcoin fails to recover above the $61,000 resistance zone, it could extend decline. An immediate support on the downside is near the $58,800 level.
The first major support is now forming near the $58,650 level. The next major support is near the $58,000 level, below which the bears might aim a retest of the $55,000 support zone in the near term.
Teknikal nga mga timailhan:
Oras-oras nga MACD - Ang MACD karon nag-uswag sa bearish zone.
Hourly RSI (Relative Kusog Index) - Ang RSI alang sa BTC / USD karon ubos sa lebel sa 50.
Mga lebel sa Daghang Pagsuporta - $ 58,500, gisundan sa $ 58,000.
Mga lebel sa Daghang Pagsukol - $ 60,450, $ 61,000 ug $ 62,500.
Ang orihinal nga tinubdan: NewsBTC