Why $50,000 Will Fail As Support For Bitcoin (BTC)?

2024-4-18 18:30

In a recent technical analysis, renowned crypto expert Alan Santana delves into Bitcoin’s price action, shedding light on the cryptocurrency’s current market structure, key support levels, and potential downside risks. origin »

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01