2019-2-2 08:45 |
BTC/USD Long-term Trend: Bearish Resistance levels: $7,200, $7,400, $7,600 Support levels: $3,500, $3,300, $3,100
The overall outlook for the BTC/USD pair is bearish in the month of January. On January 1, the price of Bitcoin has an opening balance of $3,832.60. However, as at January 31, the crypto's closing balance was trading at $3,503.80.
This indicates that the price of Bitcoin has depreciated by 8.57% of its capitalization. In the first week of January, the BTC price reached a high of $4,218 but the crypto faced resistance at the $4,000 price level. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $3,712.80.
The 12-day EMA has been resisting all the bullish movement as the bulls failed to break above the EMAs. Today the BTC price is trading at $3,543.50 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
origin »Bitcoin (BTC) на Currencies.ru
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