Bitcoin is facing a tough battle breaking through a critical price point, an analyst says
, the world's leading digital currency, is grappling with a significant price hurdle, according to market analyst Jake Wujastyk.
In layman's terms, Bitcoin is managing to maintain its recent lower value but is finding it tough to exceed a specific price due to the increasing presence of potential sellers on the market.technical concepts like Volume Weighted Average Price , a trading benchmark that offers an average price at which the flagship cryptocurrency has been traded throughout the day.
Bitcoin appears to be perfectly holding onto this average price calculated from a specific significant point in time, referred to as the"swing low."The resistance to Bitcoin's price rise comes from what is termed as the"overhead supply," a level where a substantial amount of potential selling pressure exists.
This pressure often comes from previous buyers who might be looking to sell when the price reaches its break-even point. This area, visualized as a"volume shelf" on a volume profile chart, is where a high volume of Bitcoin has been traded, indicating that many traders have their positions at this level.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Bitcoin traders offer downside targets as BTC price risks sub-$25K dipBitcoin risks further drops which could see BTC price fall below $25,000, analysis claims
続きを読む »
Bitcoin eyes $28K push as traders demand CPI day BTC price volatilityBitcoin arrives at CPI day with BTC price still lingering below $28,000.
続きを読む »
Bitcoin fees plummet 95% as BTC price recovers from US gov't scareBitcoin sheds high fees and U.S. government sales fears as BTC price stays cool below $27,500.
続きを読む »
Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiryBitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.
続きを読む »
BTC price risks $27K loss as Bitcoin trend lines brew 'bullish cross'Bitcoin bulls show little strength with BTC price action risking losing $27,000.
続きを読む »
Bitcoin cracks $28K on CPI amid warning US inflation ‘highly elevated’Bitcoin offers instant gains on CPI data with BTC price hitting $28,300.
続きを読む »