Bitcoin Turns Red, Why Bears Aim A Retest of $55K

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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 Momentum

Bitcoin 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.

Dina tibalik, résistansi langsung caket kana tingkat $ 60,000. Résistansi utama anu munggaran caket kana tingkat $ 60,450. Ieu deukeut ka 23.6% Fib tingkat retracement tina turunna konci ti $66,350 ayun luhur ka $58,630 low.

Aya ogé garis trend bearish konci ngabentuk kalawan lalawanan deukeut $61,000 dina bagan hourly tina pasangan BTC / USD. Putus anu jelas di luhur résistansi $ 61,000 kamungkinan tiasa nelepon muka panto pikeun pamulihan anu tetep. Résistansi utama salajengna sits deukeut tingkat $62,500.

Sumber: BTCUSD dina TradingView.com

Tingkat retracement 50% Fib tina turunna konci tina $ 66,350 ayun luhur ka $ 58,630 low oge deukeut tingkat $ 62,500 meta salaku halangan konci. A move luhur tingkat $62,500 bisa ngamimitian rally seger.

Langkung Rugi di 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.

Pangrojong utama munggaran ayeuna ngabentuk caket tingkat $58,650. Pangrojong utama salajengna caket kana tingkat $ 58,000, di handapna biruang tiasa narékahan ulang zona dukungan $ 55,000 dina waktos anu caket.

indikator teknis:

Hourly MACD - MACD ayeuna nuju laju di zona bearish.

Jam RSI (Indéks Kakuatan Relatif) - RSI pikeun BTC / USD ayeuna sahandapeun 50 tingkat.

Tingkat Dhasar Utama - $ 58,500, dituturkeun ku $ 58,000.

Tingkat Rintangan Utama - $ 60,450, $ 61,000 sareng $ 62,500.

sumber aslina: NewsBTC