Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

2018-12-27 09:00

Key Points

Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below the $3,660 and $3,600 support levels.

Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and it could even break the $3,500 pivot area.

Bitcoin Price Analysis

The past few hours were mostly bearish for bitcoin price below the $3,840 resistance against the US Dollar. The BTC/USD pair started an upside correction after trading as low as $3,669. It moved above the $3,700 and $3,740 levels. There was even a break above the 23.6% Fib retracement level of the recent drop from the $4,250 swing high to $3,669 low. However, the upside move was capped by the $3,840 and $3,850 resistances.

Moreover, there is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair. The pair needs to break the trend line and the $3,840 resistance to gain momentum. The next resistance is near the $3,960 level. It represents the 50% Fib retracement level of the recent drop from the $4,250 swing high to $3,669 low. An intermediate resistance is near the $3,900 level and the 100 hourly simple moving average.

Looking at the chart, bitcoin price may continue to move down if there is no break above $3,900. On the downside, a break below the $3,660 and $3,600 support levels could accelerate losses. The next key support is at $3,500, which may act as a decent buy zone.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI moved back below 50 level with a bearish angle.

Major Support Level – $3,660

Major Resistance Level – $3,900

The post Bitcoin Price Watch: BTC Could Extend Losses Below $3,600 appeared first on NewsBTC.

origin »

Bitcoin (BTC) на Currencies.ru

$ 83397.45 (+0.49%)
Объем 24H $29.133b
Изменеия 24h: 0.56 %, 7d: -6.44 %
Cегодня L: $80441.76 - H: $83398.96
Капитализация $1654.335b Rank 1
Цена в час новости $ 3803.79 (2092.48%)

price bitcoin below btc could watch extend

Источник: newsbtc.com

price bitcoin → Результатов: 126


Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance

The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price.

2025-2-9 16:00


Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.

2025-1-13 14:00


Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.

2025-1-11 17:48


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Новая американская мечта в BTC

Майкл Сейлор предложил правительству США скупить до 25% всего BTC в течение следующего десятилетия. По его мнению, с 2025 по 2035 год (когда будет добыто 99% всех BTC) американское правительство должно постепенно накапливать BTC и сформировать так называемый “стратегический биткоин-резерв”.

Киты сливают BTC, — объемы на минимуме с 2019 года

По данным аналитиков IntoTheBlock, объем биткоинов, находящихся у крупных держателей, упал до минимального уровня за последние 6 лет. Если говорить конкретнее, этот показатель сейчас на уровне 2019 года.

Bitcoin miner MARA closes deal for Texas wind farm

MARA says the Texas wind farm has a capacity of 240 megawatts of interconnection and 114 megawatts of nameplate wind. The Bitcoin mining company will leverage the site to cut its Bitcoin mining costs.

США ускоряют принятие биткоина

Всего за два дня штаты Флорида, Айова и Мэриленд представили новые законопроекты об интеграции BTC в госфинансы США. Если их примут, штаты смогут инвестировать в биткоин, принимать его в качестве платежей, а также создать стратегические резервы в крипте.

Чехия подписала закон, который освобождает холдеров BTC от налога на прибыль, если его держат более трех лет

По словам аналитиков, это станет катализатором для привлечения новых инвесторов в страну. Вчера, 6 февраля президент Чехии Петр Павел подписал закон, который освобождает bitcoin-холдеров от налога на прирост капитала, если актив находится в собственности более трех лет.