Bitcoin has been following a bearish price action over the last few weeks following the rejection from the critical $30K resistance level. Yet, there is
The price has dropped significantly from the $30K resistance zone on the daily timeframe, breaking below both the 50-day and 200-day moving averages. The $25K support level is currently holding it.
Yet, the 200-day moving average, located around the $28K mark, has rejected the price, pushing it towards the $25K level once more. Moreover, the 50-day moving average is trending towards the 200-day one, and a bearish crossover seems highly probable. Considering all the facts stated, the price is likely to drop much further if the $25K level fails to hold.Looking at the 4-hour chart, the recent price action becomes a lot clearer. The market has recently been rejected from the $27,500 short-term resistance level and has been declining towards the $25K support area.
The RSI indicator is also showing values below 50%, emphasizing the current bearish momentum in price. Therefore, if the $25K level breaks down, things can get ugly quickly.
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。
Max Keiser Names Obstacle That May Slow Bitcoin Price Down NowProminent Bitcoin OG shares this take on what is creating headwinds for Bitcoin right now
続きを読む »
Bitcoin Miner Canaan's Q2 Mining Revenue Surges by 43%, Net Loss Increases by 31%: ReportCanaan's Bitcoin mining revenue saw a 43% increase compared to the first quarter of 2023.
続きを読む »
First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM RalliesThe latest price moves in crypto markets in context for Sept 4, 2023.
続きを読む »
First Mover Americas: Bitcoin Remains Subdued Below $26KThe latest price moves in crypto markets in context for Sept. 5, 2023.
続きを読む »
Weekly close risks BTC price 'double top' — 5 things to know in Bitcoin this weekBitcoin analysts line up BTC price talking points for the week ahead.
続きを読む »
Cryptocurrencies Price Prediction: Stake, Bitcoin & Shiba Inu – American Wrap 04 SeptemberBTC derivatives have flipped bearish after Bitcoin failed to establish bullish momentum despite heightened spot ETF prospects. A Bitcoin price correct
続きを読む »