Bitcoin Consolidates Losses, Why Recovery Could Fade Near $62.5K

Parašė NewsBTC - Prieš 2 metus - Skaitymo laikas: 2 minutės

Bitcoin Consolidates Losses, Why Recovery Could Fade Near $62.5K

Bitcoin price started an upside correction above $60,000 against the US Dollar. BTC could recover further, but the bears might remain active near $62,500.

Bitcoin is still trading well below the $62,000 and $62,500 resistance levels. The price is now trading below $62,000 and the 100 hourly simple moving average. There is a major bearish trend line with resistance near $60,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover towards $62,500, where the bears might take a stand. Bitcoin Price Turns Red

Bitcoin price extended decline below the $62,000 support zone. BTC even traded below the $60,000 support level and settled below the 100 hourly simple moving average.

Finally, the price traded as low as $58,630 and is now consolidating losses. There was a minor recovery wave above the $59,500 and $60,000 levels. There was a break above the 23.6% Fib retracement level of the main drop from the $66,350 swing high to $58,630 low.

On the upside, an immediate resistance is near the $60,700 level. There is also a major bearish trend line with resistance near $60,700 on the hourly chart of the BTC/USD pair.

A proper close above the $60,700 level could set the tone for a larger increase. The first major resistance is near the $62,500 level. It is close to the 50% Fib retracement level of the main drop from the $66,350 swing high to $58,630 low.

Šaltinis: BTCUSD svetainėje TradingView.com

If the bulls push the price towards $62,500, the bears are likely to take a stand. Any more gains could open the doors for a move towards the $63,200 level.

Daugiau nuostolių BTC?

If bitcoin nepavyks atsigauti virš 61,200 59,500 USD pasipriešinimo zonos, tai gali pratęsti nuosmukį. Neatidėliotinas palaikymas yra beveik XNUMX XNUMX USD.

The first major support is now forming near the $59,200 level. The next major support is near the $58,500 level, below which the bears might aim a more downsides. In the stated case, the price may perhaps slide towards the $55,000 support zone in the near term.

Techniniai rodikliai:

Kas valandą MACD - MACD dabar praranda tempą meškų zonoje.

Valandinis RSI (santykinio stiprumo indeksas) - BTC / USD RSI dabar yra šiek tiek viršija 50 lygį.

Pagrindiniai paramos lygiai - 59,200 58,500 USD, po to XNUMX XNUMX USD.

Didžiausi pasipriešinimo lygiai - 60,700, 61,200 ir 62,500 USD.

Originalus šaltinis: NewsBTC