Bitcoin (BTC) price has started a range-bound move after falling below the moving average lines. BTC price analysis by Coinidol.com.
Long-term prediction of the Bitcoin price: fluctuation
The largest cryptocurrency has recovered twice after falling below the psychological threshold of $60,000. The Bitcoin price has remained constant between $60,500 and $66,000. The cryptocurrency is currently worth $64,119.
On the upside, Bitcoin will rally to its previous high of $73,666 if buyers keep the price above the moving average lines or the $68,500 resistance level. Bitcoin will fall if the bears drop below the current support level of $60,500. In this case, Bitcoin will fall to a low of $51,500.
However, the long candlestick tails are signalling significant buying pressure at the $60,500 support. In the meantime, Bitcoin continues to oscillate within its narrow trading range.
Bitcoin vísir lestur
After the price decline on April 13, Bitcoin has maintained its range-bound movement above the $60,500 support. On the 4-hour chart, the price bars are now between the moving average lines. This indicates that Bitcoin will continue to fluctuate within its range.
Tæknilegar vísar:
Lykilviðnám - $ 70,000 og $ 80,000
Helstu stuðningsstig - $ 50,000 og $ 40,000
Hver er næsta átt fyrir BTC / USD?
Bitcoin’s next move is unpredictable as the cryptocurrency maintains its range-bound movement. Currently, the BTC price has risen and retested the $66,000 resistance level twice but was rejected. The cryptocurrency is trading in the middle of its price range. The initial barrier of $66,000 may be breached if the cryptocurrency rises above the current support. The cryptocurrency will recover to its previous highs of $70,000 and $73,000.
Coinidol.com tilkynnt áður að buyers were rejected on April 14, 2024 when they tried to hold the price above the moving average lines or the $66,000 resistance level.
Fyrirvari. Þessi greining og spá eru persónulegar skoðanir höfundar og eru ekki tilmæli um að kaupa eða selja cryptocurrency og ætti ekki að líta á sem meðmæli frá CoinIdol.com. Lesendur ættu að gera rannsóknir sínar áður en þeir fjárfesta í sjóðum.
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- Heimild: https://coinidol.com/bitcoin-strong-demand/
