TL; DR failed
- Bitcoin price analysis is declining today.
- Bitcoin is looking for support above $ 60,000.
- Bitcoin loses 16-day profit in just 12 hours.
Bitcoin price analysis shows that the coin continues to fall like a rock in a landslide. Although the coin fell from yesterday, falling from $ 65,437 to $ 63,606 at the end of the day, the King Coin continued to decline today, losing gains in November as the price traded at exactly the same point. Be. From where it went up on November 2nd.
Today, the wider digital currency market, following the priority set by the leader Bitcoin, reports negative market sentiment, as we know that most coins follow the Bitcoin trading path. Most top altcoins in the last 24 hours report losses of between seven and 14 percent.
One Day Bitcoin / Dollar Price Chart: Bitcoin is looking for support above $ 60,000
The 24-hour bitcoin price analysis shows that the bitcoin / dollar pair is still declining, as cows are now seeking support at the $ 60,507 support that looks set to be tested soon. The $ 6,338 and $ 61,531 support previously set by the cows is broken today, and now the next support is $ 60,507. Overall, the BTC / USD pair reported a loss of 7.72% in the last 24 hours and a decline of almost 11% in the last week, which is why the market value has also suffered, but the trading volume has increased by 49.4. Percentage
BTC shows slight fluctuations, as the volatility index shows a slight convergence with the upper Bollinger band at $ 67,181 and the lower band at $ 59,160, indicating support for the Bitcoin price decline, in contrast to the average Bollinger Bands average. . At $ 63,170 indicates Crypto King support.
The shape of the Bollinger Bands indicator indicates the lower fluctuations expected for the coming days, so we can expect the price fluctuations to be slow as well, which makes us assume that the price is near the $ 60,000 psychological mark, at higher fluctuations. And below that level while stabilizing for more movement.
The Relative Strength Index (RSI) is trading with a bearish slope, which indicates sales activity in the market, without any upward support yet. The RSI is at 46 in the lower half of the neutral zone.
Bitcoin Price Analysis: Recent Developments and More Technical Signs
A 4-hour Bitcoin price analysis shows that Bitcoin continues to fall as bears lower it further and have not yet received any uptrend, in contrast, it was recently observed that Atrium helped Has received an increase, but the BTC case seems relatively more intense.
The volatility in the 4-hour chart is high and the price continues to be below the volatility index. The RSI also fell to a low in the sell-off with an index of 29. However, after entering the low sales area, the RSI curve has changed horizontally, indicating a slowdown in sales activity.
Overall, technical indicators for BTC / USD have fallen, as 10 technical indicators now suggest selling options for BTC, including MA10, EMA10, and MACD and Momentum oscillators, and only six technical indicators suggest buying options.
Bitcoin Price Analysis: Conclusions
Bitcoin price analysis shows that Crypto King, while in a free fall today, has not yet found support to maintain it. Most of the former support areas have now become resistance. However, Bitcoin has not fallen below the $ 60,000 psychological mark and we expect it to be saved before falling below that level. However, today’s fall has provided an opportunity for traders waiting to buy.
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