cryptd.in

LinkedIn alternativo per i talenti crittografici

Bitcoin Faces Triple Resistance As Price Rejection Persists

-

da

cryptd.in
in

Over the past trading week, Bitcoin (BTC) failed to make any significant price breakout, experiencing rejections at the $86,000 price region. While the market suffered no major price pullback, the high level of sideways price movement indicates a strong investor uncertainty.

Interestingly, popular market analyst with X username Daan Crypto has provided an insightful technical analysis on the BTC market, highlighting the present barriers that are restricting an upward price movement.

Bitcoin Multiple Barriers: 200-Day EMA, 200-Day MA, And Diagonal Trendline In Focus

Since hitting a new all-time high in late January, Bitcoin has slipped into heavy correction, losing over 22% of its market price. The majority of the price loss has been linked to international trade tariff crises, which have forced investors to seek relief in less risky assets.

However, a pause in new tariffs and an onset in global negotiations soon accompanied a price rebound seen in early April. Albeit, Bitcoin is now struggling to break out of the $84,000-$86,000, forming a tight consolidation range.

Bitcoin

In performing a technical analysis on the current BTC market, Daan Crypto has identified the three resistance factors that have been active in the specified price zone. 

The first price opposition is a diagonal downtrend line formed by Bitcoin’s consistent lower lows and lower highs amidst the price correction in the past three months. To establish any intent of a trend reversal, Bitcoin bulls must force a convincing price breakout above this long-standing diagonal resistance. 

Other critical indicators are the 200-day Exponential Moving Average (EMA) and 200-day Simple Moving Average (MA), both of which provide an average of the past 200 days’ prices, with the EMA giving more weight to recent prices. 

The 200-day EMA is important in spotting medium-to-long-term trend changes as it reacts faster to any price change than the 200-day MA, which is a classic long-term indicator. However, Bitcoin must move above both indicators to break out of its consolidation and perhaps experience a full price recovery.

Bitcoin Ultimate Resistance At $90,000-$91,000 

Despite Bitcoin’s struggles in the $84,000-$86,000 price zone, Daan Crypto has warned that the asset’s ultimate test of a price reversal is at the $90,000-$91,000 price range, which served as a key support in the earlier phase of the bull cycle.

A successful reclaim of this range would place Bitcoin back into the bullish trading zone, signaling a potential resumption of the broader bull market. At press time, BTC continues to trade at $84,868 following a 0.13% gain in the past day. Meanwhile, the daily trading volume is down by 42.34% and valued at $12.52 billion.

Bitcoin

Commenti

Lascia un commento

Il tuo indirizzo e-mail non sarà pubblicato. I campi obbligatori sono contrassegnati *

Ultimi feed

Categorie più popolari

it_IT Italiano
it_IT Italiano en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Ricerca nel sito web

Storie popolari

Tag

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElezione (1) #BinanceVsCoinbase (1) #Bitcoin (277) #BitcoinETF (3) #BitcoinFondamenti (1) #BitcoinHandling (1) #BitcoinPrezzo (5) #BitcoinPrezzoLivello (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCacquisizione (1) 1TP5Previsione toro (1) #BullishSentiment (1) #CMiniera cinese (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativoSalto (1) #Dogecoin (48) #DogecoinGains (1) #DogecoinVolume (1) 1TP5Corte olandese (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (57) #EthereumPain (1) #EPrezzo dell'Etere (1) #ExpertOpinion (1) #FedRateCut (1) #FiatValuta (1) #Fimpatto finanziario (1) #FinanziarioPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5FondiIlleciti (1) #InflationData (1) 1TP5Investimento (1) 1TP5Perdita d'investimento (1) #Azienda giapponese (1) #Azione legale (1) #Impatto legale (1) #Legislazione (1) #LightningNetwork (1) #Manalisi del mercato (3) #MMonitoraggio del mercato (1) #Mprevisione di mercato (1) #Mprevisioni di mercato (1) #MProiezione di mercato (1) #MmercatoSupporto (1) #MmercatoVolatilità (1) #MCompatibile (1) #MemeCoin (5) #MemeCoins (2) #MinerProfittabilità (1) #MRiciclaggio di denaro (2) #MtGox (3) #Corea del NordCrittografia (1) #NovogratzPrevisione (1) #PriceMilestone (1) #PprezzoPrevisione (2) #PriceDomanda (1) #PrezzoAumento (1) #PcarcereSentenza (1) #QuantAnalisi (1) #RegolamentazionePressione (1) #SECAntiCrypto (1) #ShibaInu (4) #SocialBuzz (1) #T Analisi tecnica (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashSviluppatore (1) #UKCrypto (1) #UpsidePotenziale (1) #USCongresso (1) #WyomingLand (1) #XRPrezzo (1) #XRPupswing (1)

Link utili

Link che ho trovato utili e che volevo condividere.