Bitcoin [BTC]: Price Fails to Overcome Resistance

2019-1-16 18:24

Bitcoin Daily Chart – Source: Tradingview.com

Bitcoin got off to a strong start to the week with an early surge on Monday.

Price failed to follow up on this surge and met resistance at $3684 which was an important prior point of support.

With price having retraced from the $3684 resistance level, Monday’s surge looks to have formed a lower high and the possibility of a move to support at last weeks low at $3476 has increased.

If the price moves below $3476, there are no key support levels between that level and the 2018 low around $3122.

Bitcoin Hourly Chart – Source: Tradingview.com

The shorter-term hourly Bitcoin chart has more bullish looking movement.

Despite price dropping from $3684, it has managed to rise since forming some higher highs and higher lows.

Price has also managed to rise back above $3612 after failing on the first test.

$3612 acted as support when price initially fell below $3684.

Price consolidate from here between $3612 and $3684 until a more clear market direction is determined.

Key Takeaways: The surge which took place on Monday failed to overcome resistance at $3684. Despite falling back from the $3684 resistance level, the price has since begun to rise and has managed to overcome resistance at $3612. The longer-term timeframe is forming more bearish with the surge coming to a stop forming a lower high. Latest Bitcoin News:

Bitcoin [BTC]: Bullish Start to the Week for the Cryptocurrency Market Leader

British Man Jailed for 5 Years After Attempting to Buy Handgun From the US Using Bitcoin

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Bitcoin [BTC]: Price Fails to Overcome Resistance was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68995.48 (-1.05%)
Объем 24H $37.162b
Изменеия 24h: 4.23 %, 7d: 9.43 %
Cегодня L: $68995.48 - H: $69109.33
Капитализация $1359.284b Rank 1
Цена в час новости $ 3640.95 (1794.99%)

resistance price bitcoin surge fails monday 3684

Источник: blokt.com

resistance price → Результатов: 126


Фото:

Ethereum is Nearing Crucial Resistance; Rejection Here Could Spark Move to $300

Ethereum’s price is currently struggling to surmount some heavy resistance, which has caused it to lag behind Bitcoin today This resistance, which exists at $380, has hampered its price action on multiple occasions throughout the past few weeks Despite this, because BTC is now nearing $11,000, a break above this crucial level will likely catalyze some intense buying pressure that also creates a tailwind for ETH One analyst noted that this region of resistance between […]

2020-9-16 23:00


Фото:

Ethereum’s Market Structure Weakens as Bulls Fail to Break Key Resistance

Ethereum’s overnight price action has done little to offer insight into its near-term trend, as the cryptocurrency has been unable to maintain its recent momentum This, however, has not resulted in it seeing any type of sharp decline, with its rejection at $380 kicking off a consolidation phase Analysts believe that where the cryptocurrency trends next depends wholly on its reaction to one vital resistance level that has been suppressing its price action This resistance […]

2020-9-12 23:00


Фото:

Bitcoin to Breakout in Coming 7 Days as Strength Grows; Claims Analyst

Bitcoin has once again extended the bout of lackluster price action that it has been seeing over the past week The cryptocurrency’s mid-term trend is growing increasingly unclear as it struggles to surmount the heavy resistance that lies directly above its current price action It’s a strong possibility that this resistance will prove to be insurmountable Nevertheless, analysts still remain bullish.

2020-6-11 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.