Bitcoin Price Watch: BTC Bears Eyeing Test of $3,000

2019-1-29 09:45

Bitcoin price extended its decline and traded below the $3,440 support level against the US Dollar. There is a major bearish trend line formed with resistance at $3,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently under a lot of pressure and it may slide further towards $3,200 or $3,000.

Bitcoin price accelerated losses below the $3,500 support against the US Dollar. BTC bears are in full control and it seems like they are eyeing a test of the $3,000 level.

Bitcoin Price Analysis

This week started with a bearish bias below the $3,500 support in bitcoin price against the US Dollar. The BTC/USD pair traded lower and broke the $3,480 and $3,440 support levels. Sellers got control and pushed the price below the $3,400 support. A new yearly low was formed at $3,374 and the price is now trading well below the 100 hourly simple moving average. Recently, there was a short term correction above the $3,400 level. The price corrected above the 23.6% Fib retracement level of the recent decline from the $3,559 high to $3,372 low.

However, the previous supports near $3,440 and $3,450 acted as a strong barrier. The price even struggled to test the 50% Fib retracement level of the recent decline from the $3,559 high to $3,372 low. It is currently trading with a bearish angle below $3,500 and $3,440. An immediate support is at $3,375, below which the price is likely to decline towards the $3,300 and $3,220 supports. The main target for sellers in the medium term could be $3,000. On the upside, there are many hurdles near the $3,500 and $3,440 levels. There is also a major bearish trend line formed with resistance at $3,460 on the hourly chart of the BTC/USD pair.

Looking at the chart, bitcoin price is trading in a downtrend below $3,440. There are high possibilities of more losses towards $3,300, $3,220 and $3,150 in the near term.

Technical indicators

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

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is placed well below the 30 level.

Major Support Level – $3,220

Major Resistance Level – $3,460

The post Bitcoin Price Watch: BTC Bears Eyeing Test of $3,000 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 75738.72 (+0.36%)
Объем 24H $63.999b
Изменеия 24h: 1.84 %, 7d: 7.34 %
Cегодня L: $74544.69 - H: $76122.08
Капитализация $1497.574b Rank 1
Цена в час новости $ 3412.35 (2119.55%)

price btc bitcoin bears watch eyeing test

Источник: newsbtc.com

price btc → Результатов: 126


Фото:

The Half-Million Dollar Bitcoin: Predictions Point To Monumental Price Surge In 18 Months

Bitcoin (BTC), the largest cryptocurrency in the market, recently touched the crucial $70,000 level, proving to be a significant hurdle for its price consolidation in recent months.   Despite surpassing its previous high and reaching a record all-time high (ATH) of $73,700 in March, BTC experienced a 20% price correction to around $56,500 at the beginning of May.

2024-6-4 03:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

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.

Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

Bitcoin Dogs rose 30% in two weeks before paring gains. Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum. With BTC regaining control above $68k, could this spark Bitcoin Dogs price? New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above […] The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

Bitcoin наращивает свои позиции в Азии

Японская инвестиционная компания Metaplanet теперь владеет более 1 000 BTC. И по словам генерального директора Саймона Геровича, это сделало Metaplanet самым крупным корпоративным держателем BTC в Азии.