The price of Bitcoin (BTC) is falling again as buyers have failed to keep the price above the moving average lines. Price analysis by Coinidol.com.
Intengo ye-Bitcoin isibikezelo sesikhathi eside: bearish
On April 22, 2024, the positive momentum surpassed the 21-day SMA but was halted by the 50-day SMA or the $68,500 resistance level. If the buyers had prevailed, Bitcoin would have reached its all-time high of $73,666. Bitcoin is in a downtrend after failing to break above the moving averages. The cryptocurrency is bearish as it approaches the current support level of $63,000. On April 17, 2024, the price decline was halted above $60,900 as bulls bought dips. At the time of writing, the value of Bitcoin stands at $63,801.
On the downside, if Bitcoin retraces and remains above current levels, it will be forced to trade in a range between the $60,900 support and below the moving average lines. However, if the bears break the $60,900 support, Bitcoin would drop to a low of $54,000.
Ukufundwa kwezinkomba kweBitcoin
The BTC price bars are below the moving average lines, indicating a possible decline. Similarly, BTC price is showing a bearish crossover, with the 21-day SMA falling below the 50-day SMA, suggesting that the cryptocurrency could crash.
Izinkomba zobuchwepheshe:
Amazinga abalulekile wokumelana - $70,000 kanye nama-$80,000
Amazinga okusekela abalulekile - $50,000 kanye nama-$40,000
Yiluphi umkhombandlela olandelayo we-BTC / USD?
Bitcoin’s rise would have resumed on April 22, 2024 if buyers had kept the price above the moving averages. Bitcoin is expected to fall or stay within its current range. Bitcoin is trading in the middle of its price range of $60,900 to $67,000.
Umshwana wokuzihlangula. Lokhu kuhlaziya kanye nesibikezelo kuyimibono yomuntu siqu yombhali futhi akusona isincomo sokuthenga noma ukuthengisa i-cryptocurrency futhi akufanele kubhekwe njengokugunyazwa yi-CoinIdol.com. Abafundi kufanele benze ucwaningo lwabo ngaphambi kokutshala izimali.
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- Source: https://coinidol.com/bitcoin-price-recovery-halted/
