Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move

2019-3-13 14:27

CoinSpeaker
Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move

Key Highlights:The breakup of the $4,050 Bitcoin price level will expose $4,254 resistance level;consolidation is ongoing in the BTC market;the coin may find its low at $3,774 price level.BTC/USD Medium-term Trend: Ranging

Resistance levels: $4,050, $4,254, $4,692
Support levels: $3,903, $3,774, $3,637BTC/USD is moving sideways on the Medium-term outlook. The Bullish momentum that propelled Bitcoin price from the low of $3,774 could not break up the resistance level of $4,050 because of the Bear’s opposing pressure. A bearish “Harami candle” pattern formed on March 9 pushed the coin to find its support at the support level of $3,903 after broke down the two dynamic support levels and consolidation commenced.

The 21 periods EMA has twisted to the 50 periods EMA and the BTC price is trading on the two EMAs which indicate that consolidation is ongoing in the BTC market. Nevertheless, the Stochastic Oscillator period 14 is above 40 levels and its signal lines pointing to the north indicate buy signal.

The radical force of the bulls will make the coin to rally towards the resistance level of $4,050 which may break the level and expose the $4,254 price level. In case the bears defend the $4,050 price level and the momentum is strong to penetrate the support level of $3,903 BTC will find its low at $3,774.

BTC/USD Short-term Trend: Ranging

The BTCUSD is ranging on the short-term outlook. The cryptocurrency found its low at $3,903 on March 12. The Bulls rejected further declination of Bitcoin price on the 1-Hour chart. “Morning star” candle pattern formed which is a bullish reversal candle pattern; this returned the BTC price toward the north and placed the coin above the two dynamic resistances where it is consolidating currently.

Bitcoin price is currently consolidating on the 21 periods and 50 period EMAs in which the two EMAs are interlocked to each other which connote that ranging movement may continue for a while. However, the Stochastic Oscillator period 14 is below 40 levels with signal lines pointing down which indicates sell signal.

Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96151.32 (-1.05%)
Объем 24H $97.995b
Изменеия 24h: 1.45 %, 7d: 8.38 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1902.398b Rank 1
Цена в час новости $ 3907.65 (2360.59%)

bitcoin level btc usd price big preparing

bitcoin level → Результатов: 126


Where Is Bitcoin Headed in May? Expert Points to Key Resistance Level That Must Break For Continued BTC Price Surge

Bitcoin has regained its position above the $60,000 mark, and this upward movement has sparked conversations about the possibility of Bitcoin surpassing the $65,000 resistance level soon.   YG Crypto, a cryptocurrency analyst, also recognizes this bullish trajectory, and he views it as a significant signal for bullish traders.

2024-5-5 19:15


Bitcoin Price Analysis: Is A Retracement To $25,000 Likely?

Despite the relative performance of altcoins in 2023, Bitcoin has seen a significant 75% bullish rally since the beginning of the year. However, Bitcoin’s price has been unable to surpass the resistance level of $30,000 for a week, and this has stirred a technical belief that there is a possibility of a retracement streak toward the medium-term support level of $25,000.

2023-4-23 12:24


Crypto Market Tanks: Bitcoin Correlation with S&P 500 Reaches 2021 High & USD Longs at Highest Level since June 2019

In the past 24 hours, 417,654 traders were liquidated for $2.58 billion, with Binance leading at 28% of its share despite underreporting, and now, CME is leading Bitcoin OI at $3.72 bln. The post Crypto Market Tanks: Bitcoin Correlation with S&P 500 Reaches 2021 High & USD Longs at Highest Level since June 2019 first appeared on BitcoinExchangeGuide.

2021-12-4 16:46


Additional Money Is Coming into Bitcoin as Capitulation Period Ends and Hash Rate Climbs to Early June Level

Breaking above $50k, Bitcoin price has recovered from the $29,760 low in July. As of writing, BTC/USD is trading around $47,500, about 26.7% down from its peak four months back. Just like price, other data metrics suggest that the leading cryptocurrency is on a path to recovery after the market-wide sell-off just three months ago […] The post Additional Money Is Coming into Bitcoin as Capitulation Period Ends and Hash Rate Climbs to Early June Level first appeared on BitcoinExchangeGuide.

2021-8-25 17:23