Bitcoin Price Watch: BTC/USD Remains Sell On Rallies Near 100 SMA

2018-11-14 12:28

Key Points

Bitcoin price declined further and traded below the $6,275 support level against the US Dollar. There are two bearish trend lines formed with resistance at $6,300 and $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $6,250 support in the near term.

Bitcoin price is placed in a bearish zone against the US Dollar. BTC/USD could recover, but upsides are likely to be capped around the $6,340 level.

Bitcoin Price Analysis

During the past three sessions, there were bearish moves below $6,350 in bitcoin price against the US Dollar. The BTC/USD pair declined recently and broke the $6,300 and $6,275 support levels. There was even a spiked below the $6,250 support and the price formed a new monthly low at $6,239. The price recovered a few points above $6,275, but it is still well below the 100 hourly simple moving average.

An initial barrier for buyers is near the 50% Fib retracement level of the recent drop from the $6,375 high to $6,239 low. More importantly, there are two bearish trend lines formed with resistance at $6,300 and $6,340 on the hourly chart of the BTC/USD pair. Below the second trend line, the 100 hourly SMA is positioned at $6,325. Besides, the 61.8% Fib retracement level of the recent drop from the $6,375 high to $6,239 low is near $6,323. Therefore, if the price corrects higher from the current levels, it is likely to find a strong selling interest near $6,320 and $6,340.

Looking at the chart, bitcoin price is clearly in a bearish zone below the $6,350 pivot level. On the downside, an initial support is near $6,240, below which the price could slide towards the $6,200 support.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently just near the 50 level.

Major Support Level – $6,340

Major Resistance Level – $6,240

The post Bitcoin Price Watch: BTC/USD Remains Sell On Rallies Near 100 SMA appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97117.28 (+0.79%)
Объем 24H $99.215b
Изменеия 24h: 3.53 %, 7d: 9.40 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1921.664b Rank 1
Цена в час новости $ 5832.71 (1565.05%)

price bitcoin remains usd btc below 100

Источник: newsbtc.com

price bitcoin → Результатов: 126


Фото:

Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?

The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.

2024-10-26 04:00


Фото:

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000.

2024-9-4 22:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hoth Therapeutics to buy up to $1 million worth of Bitcoin

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset. The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet.

Bitcoin breaks $87k; here’s what this analyst says about BTC price

Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum. If it happens, the bull market case is for a rally to $150k, an analyst says With Bitcoin rallying to a new all-time high above $87,000, the overall sentiment suggests it’s likely to continue higher.

Bitcoin breaks $75k as crypto celebrates Donald Trump election win

Bitcoin spiked to above $75,400, a new all-time high. This came as Donald Trump clinched the US presidency, beating Kamala Harris. Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election.

Шортисты потерпели убытки на фоне рекордного роста Биткоина

Сегодня утром Bitcoin достиг $75,000 — это новый исторический максимум. Те, кто ставил на падение, потеряли почти $180 миллионов — их позиции были ликвидированы из-за новой волны спроса. Эксперт Пав Хандал из Swftyx заявил: “Сейчас весь рост подстегивается не спекуляциями, а реальными покупками — так называемым спот-рынком.

Биткоину 16 лет: первая криптовалюта в мире отмечает юбилей

Не верится, что Биткоину сегодня исполняется 16 лет! Так, 31 октября 2008 года был опубликован White Paper BTC. Этот день навсегда запечатлен в истории как момент, когда Сатоши Накамото — кем бы он ни был — создал концепцию независимой цифровой валюты.

Bhutan moves $66M to Binance, cashes in on Bitcoin’s climb above $70k

Blockchain data shows that Bhutan’s government recently transferred over $66 million in Bitcoin to Binance. Data from the blockchain analytical platform Arkham Intelligence showed that the Bhutan government-labelled address initiated three transfers out of its balance within four hours.