Traders Taking Profit? Why Bitcoin Needs To Overcome $64,000 For The Next Leg Up

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Salasa, 2 Nov 2021 5:00

Traders Taking Profit? Why Bitcoin Needs To Overcome $64,000 For The Next Leg Up

Saatos nyitak lilin héjo dina tingkat handap ayeuna, Bitcoin sigana ogé dijalankeun pikeun neruskeun trend bullish na. Salaku waktos pencét, harga BTC urang trades di $63,324 kalawan kauntungan 2.5% dina gerakan poean jeung gigir dina grafik mingguan, mungguh.

In the latter timeframe, Bitcoin has been range-bound after it was rejected at the high of its current levels with some volatility during the weekend as the market reacted to a massive BTC Options expiry.

Dina istilah pondok, bulls BTC ditampilkeun sababaraha kakuatan sarta junun megatkeun ngaliwatan halangan ngajual disimpen dina $63,000.

Ayeuna, résistansi utama salajengna calik dina $ 64,000 kalayan langkung seueur pesenan jual dina tingkat anu langkung luhur dugi ka $ 70,000, numutkeun data anu disayogikeun ku Bagan Seuneu Indikator Bahan pikeun pasangan BTC / USDT.

Ieu nunjukkeun yén harga BTC tiasa gancang ngajalankeun kana target harga éta upami éta tiasa ngabalikeun résistansi salajengna.

The chart shows the amount of resistance/support for the price of Bitcoin (represented in blue) indicated by the buying (below the price) or selling (above the price) orders.

Dina jangka pondok, BTC bisa nyanghareupan sababaraha masalah nyoba meunang luhur $64,000 sakumaha ngajual pesenan di tingkat ieu sigana jadi bareuh jeung loba kurang rojongan kana downside dugi $61,000.

In case of an increase in selling pressure, this level must hold, or Bitcoin could drop to its next major level of support at $58,000.

In addition to this data, Jarvis Labs reports a rise in the number of traders taking profits for Bitcoin and Ethereum at current levels.

Jarvis ogé nyatet euweuh variasi dina ongkos pendanaan turunan, tapi naékna Open Interest (OI). Kalayan turunna dina posisi anu panjang, ieu tiasa nunjukkeun yén padagang nuju posisi ka handap, sahenteuna pikeun dinten-dinten anu bakal datang.

In higher time frames, Bitcoin and the crypto market in general display bullish fundamentals and two major drivers, as QCP Capital pointed out. These drivers are creating incentives for major players in other sectors to enter the crypto market.

Kahiji, sungut nu ngaklaim aya volatility low di pasar Forex alatan tuluyan tina kawijakan moneter Quantitative Easing diadopsi ku bank sentral sakuliah dunya. Ieu ngabahayakeun pikeun sektor, sabalikna tina pasar crypto anu kacida volatile, QCP Capital nambihan:

Kalawan unggal pamaréntah ayeuna bisa dana sorangan kalawan QE, aya kirang peryogi ngetok pasar cross-wates anu dina gilirannana ngabalukarkeun lingkungan dagang FX unusually subdued.

Second, inflation is becoming a more important topic among investors. Thus, why so many are gaining exposure to Bitcoin and the nascent digital asset class attracted by its limited supply and artificial scarcity.

18 / Salaku kelas asset anu éksponénsial gaining traction sarta kalawan suplai sakitu legana kawates (dina loba koin jeung tokens) crypto gancang jadi meunangna jelas.

— QCP Capital (@QCPCapital) November 2, 2021

sumber aslina: NewsBTC