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  • Bitcoin price analysis: Bears jump in BTC when prices fall below $ 45,000

Bitcoin price analysis: Bears jump in BTC when prices fall below $ 45,000

 تاریخ انتشار :
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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis shows great risk because bears are priced below $ 45,000
  • The 200-day moving average holds the key to the next price action
  • The BTC / USD pair moves around the $ 1,200 hourly limit

The price of bitcoin shows signs of weakness as the pair moves in a limited range but shifts its focus downwards. After reaching a low support at $ 44,000, the pair moved to the $ 46,300 level after crossing it later in the afternoon. Profitability is due to the fact that cows can not cross more than $ 48,000 in a decisive move with a huge volume.

Bitcoin price analysis shows that short-term fatigue can push BTC below $ 44,000. The daily chart shows the highest level of $ 47,500 and the cows have fallen sharply to this level. The 200-day moving average indicates that the price is over $ 45,000, but the 21-week moving average is pushing up. Based on the Bitcoin price analysis, there is a potential uptrend from $ 44,000 to the current $ 44,900.

Bitcoin price movement in the last 24 hours: Cows can not raise the price above $ 45,000

Bitcoin price analysis: Bears jump in BTC when prices fall below $ 45,000
Bitcoin price chart by TradingView

Hourly charts create a dilemma in which cows can not get out of descending divergence. The descending triangle pattern was formed a week earlier, which shows close caution in hourly charts. However, the big candlestick printed on Wednesday shows a bullish chart that potentially climbs close to $ 45,300, which can be climbed based on bitcoin price analysis.

This risk-free market is due to the recent rise of traditional markets around the world, especially the US stock markets. The price of bitcoin has reacted somewhere that the bullish feeling has been weakened to some extent now, and according to the analysis of bitcoin price, the price is approaching the 200-day moving average. Cooling motion indicates that the current phase can be an integration phase in which cows are cautious but do not fatigue motion.

4-hour BTC / USD chart: Cows are waiting for clear buying signs before jumping

Bitcoin Price Analysis: Bears pay $ 45,000 as bitcoin rises below $ 45,000
Bitcoin price chart by TradingView

Last week saw the BTC staining of the top and bottom candles. Confusing signals indicate the lack of clarity of cows waiting for clear signals to start a massive buying rally. The 50-day moving average puts about $ 44,000 downward pressure on the pair. An upward change in the convergence of the moving average is another sign that an upward movement is taking place. Bitcoin price analysis shows that traders can see this as a sign of a change in pattern and force them to take advantage of trading opportunities.

The data on the chain does not show any significant change. Low supply of sales is made by liquidity holders and long-term holders. As past supply appears to represent significant aggregation, large flows have not yet been revealed. An RSI of 50 does not build confidence in cows.

Long-term holders are committed to their portfolio and there is a fundamental principle of power. The pullback price increase is likely to disappear over the next day or two as the cows fully support the $ 43,000 support level. As the weekend draws to a close, the bulls are likely to approach the $ 47,000 resistance zone.

Bitcoin price analysis result: Half-week fluctuations can print confusing price performance

An institutional buyer is lost in the market because the retailer has been driving the market for the past few days. The price trend is looking for low returns because the pair is trying to control fluctuations by moving fast up and down.

The hourly period may see more sales, which could lower the price to $ 43,000 because more sales are around the corner. But the more significant move is still bullish as the market is above the $ 42,560 support area.

Disclaimer. The information provided is not a commercial recommendation. Ramzifa.ir is not responsible for the investments made based on the information provided on this page. We strongly recommend independent research and / or consultation with a qualified professional before making an investment decision.