Apr 20, 2024 at 22:39 // Price Bitcoin (BTC) price has started a range-bound move after falling below the moving average lines. BTC price analysis by
Abr 20, 2024 sa 22:39 /Presyo
Bitcoin (BTC) price has started a range-bound move after falling below the moving average lines. BTC price analysis by Coinidol.com.
Long-term prediction of the Bitcoin price: fluctuation
The largest cryptocurrency has recovered twice after falling below the psychological threshold of $60,000. The Bitcoin price has remained constant between $60,500 and $66,000. The cryptocurrency is currently worth $64,119.
On the upside, Bitcoin will rally to its previous high of $73,666 if buyers keep the price above the moving average lines or the $68,500 resistance level. Bitcoin will fall if the bears drop below the current support level of $60,500. In this case, Bitcoin will fall to a low of $51,500.
However, the long candlestick tails are signalling significant buying pressure at the $60,500 support. In the meantime, Bitcoin continues to oscillate within its narrow trading range.
Pagbasa ng tagapagpahiwatig ng Bitcoin
After the price decline on April 13, Bitcoin has maintained its range-bound movement above the $60,500 support. On the 4-hour chart, the price bars are now between the moving average lines. This indicates that Bitcoin will continue to fluctuate within its range.
Teknikal tagapagpahiwatig:
Mga antas ng pangunahing paglaban - $ 70,000 at $ 80,000
Mga pangunahing antas ng suporta - $ 50,000 at $ 40,000
Ano ang susunod na direksyon para sa BTC USD?
Bitcoins next move is unpredictable as the cryptocurrency maintains its range-bound movement. Currently, the BTC price has risen and retested the $66,000 resistance level twice but was rejected. The cryptocurrency is trading in the middle of its price range. The initial barrier of $66,000 may be breached if the cryptocurrency rises above the current support. The cryptocurrency will recover to its previous highs of $70,000 and $73,000.
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