Bitcoin Price (BTC) Could Rally Again Unless This Level Gives Way

2020-2-3 17:05

Bitcoin price traded to a new 2020 high at $9,616 and recently corrected lower. BTC to USD is now approaching a couple of important supports near the $9,225 and $9,170 levels.

Key Takeaways: BTC/USD Bitcoin price is currently correcting lower after setting a new 2020 high at $9,616 against the US Dollar. BTC/USD is approaching the $9,225 support and a connecting bullish trend line on the 2-hours chart (data feed from Bitstamp). Ethereum is also correcting lower from well above the $192.00 and $194.00 levels. Bitcoin Price Analysis

Recently, bitcoin price gained traction and broke the $9,520 and $9,580 resistance levels. BTC to USD even spiked above the $9,600 level and traded to a new yearly high at $9,616.

Looking at the 2-hours chart, bitcoin failed to remain above $9,600 and it recently started a downside correction. There was a break below the $9,400 and $9,375 levels. Besides, there was a break below the 50% Fib retracement level of the last leg from $9,140 to $9,616.

The price is back below the $9,350 level and the 50 simple moving average (2-hours, purple). However, there are many supports on the downside near the $9,225 and $9,220 levels.

More importantly, bitcoin price is approaching the $9,225 support and a connecting bullish trend line on the 2-hours chart. The 76.4% Fib retracement level of the last leg from $9,140 to $9,616 is also near the $9,252 level.

Therefore, the price is likely to find a strong buying interest near the $9,225 and $9,200 levels. The next major support is near the $8,845 level since it is close to the 1.236 Fib extension level of the last leg from $9,140 to $9,616.

Any further losses may perhaps push the bulls on the back foot and the price might decline heavily towards the $8,400 level. Conversely, bitcoin price is likely to stay above the $9,225 and $9,200 support levels.

As long as there is no close below $9,225, bitcoin price is likely to bounce back above $9,500 and $9,620 in the coming sessions.

Live Bitcoin (BTC) Price: 1 BTC/USD =$9,317.0084 change ~ -1.37%

Coin Market Cap

$169.55 Billion

24 Hour Volume

$5.31 Billion

24 Hour VWAP

$9.39 K

24 Hour Change

$-127.7680 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD");

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97549.5 (+0.22%)
Объем 24H $97.053b
Изменеия 24h: 3.28 %, 7d: 7.57 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1930.058b Rank 1
Цена в час новости $ 9307.33 (948.09%)

btc bitcoin usd price 616 high 2020

Источник: bitcoinexchangeguide.com

btc bitcoin → Результатов: 126


Japan’s Metaplanet’s Bitcoin Holdings Rise to 530 BTC After Pulling Off Mind-Blowing Strategy

According to the latest announcement from Japanese investment firm Metaplanet Inc., its Bitcoin holdings have surged, rising to 530.717 BTC as of October 3. As revealed by the Tokyo-listed company, this increase in its Bitcoin bags was possible due to a smart options trading strategy, which led to the company earning more BTC and adding […]

2024-10-4 21:00


Фото:

Bitcoin STHs Supply Decreases By 1.31M BTC – A Sign Of Growing Confidence?

Bitcoin has remained above $60,000 for the past two weeks, holding strong as the broader crypto market bulges. This steady performance is fueling optimism among traders and investors alike.  According to key data from CryptoQuant, short-term holders are now selling for profit, leading to a notable decrease in BTC supply. This reduction in available BTC […]

2024-9-30 19:00


Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000

Satoshi era bitcoin wallets dormant since 2009, have moved 250 BTC to new wallet addresses The five wallets transferred BTC in batches of 50 coins each Bitcoin price traded around $63,500, having touched highs above $64,000 across major exchanges Several Bitcoin (BTC) miner wallets dormant for over 15 years have moved 250 BTC worth over […] The post Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000 appeared first on CoinJournal.

2024-9-21 12:46


Bitcoin Preparing for a Bullish Phase – New Cryptos to Hold During BTC Expansion

Despite the current bearish market sentiment, many seasoned analysts believe that Bitcoin (BTC) could soon break the $60k psychological barrier and lead the wider market into a bullish phase. The reason for this was explained in a recent post by Bitcoinsensus, suggesting that BTC whales are trying to position themselves for the next bull run.

2024-9-5 17:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru