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  • Bitcoin Price Analysis: BTC is ready to retest the $ 49,000 range

Bitcoin Price Analysis: BTC is ready to retest the $ 49,000 range

 تاریخ انتشار :
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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis shows that an uptrend has been created in the chart.
  • The price of Bitcoin is strongly supported at $ 48,350.
  • If the current pattern is completed, Bitcoin will test the strong resistance again.

Bitcoin price analysis shows that the king of cryptocurrencies is now moving back to the $ 49,000 range again. At the time of writing, the BTC / USD pair is in the $ 48,598 range. The strongest support is found at the $ 48,350 mark, while the strongest resistance is found at the $ 48,800 mark.

Bitcoin Price Analysis: The 24-hour candlestick shows the uptrend of BTC

24-hour candlestick bitcoin price analysis shows that digital currency is driven to a cup and small pattern at the time of writing. This is a slight downtrend, while the Relative Strength Index (RSI) is in the normal range with a score of 66 points.

Bitcoin Price Analysis: BTC is ready to retest the $ 49,000 range
1-day geranium chart BTC / USD. Source: Commercial View

Bollinger Bands show less volatility than the previous month, which is also a good sign to keep the cows strong. The high value of the Bollinger Band is $ 50,937 and the low value of the Low Band is $ 39,336. The Bollinger Bands average is seen at $ 45,150 as strong support, and the Moving Average is the strong support at $ 47,013 as of this writing.

The BTC / USD price on the 4-hour candle chart reaffirms the re-move

4-hour candlesticks Bitcoin price analysis shows that volatility at the time of writing has decreased slightly. While the Moving Average (MA) acts as a strong support on the daily chart, it acts as a strong resistance on the $ 48,902 4-hour chart.

Bitcoin Price Analysis: BTC is ready to retest the $ 49,000 range
4-hour BTC / USD candle chart. Source: Commercial View

On the other hand, the RSI rating of 57.54 leaves enough room for buyers to further confirm the uptrend with accelerated purchases to push the king of cryptocurrencies up faster. The high value of the Bollinger Band is set at the $ 50,374 mark. The lower range is at the $ 46,110 mark, while the average – which acts as a strong support – is found at the $ 48,242 mark.

Technical indicators also serve as a strong support in favor of the upward movement of the building and are a sign of movement to buy. Out of 26 technical indicators, 16 indicators are in the buying position, seven are neutral indicators and only three indicators are in the selling position.

Bitcoin Price Analysis: BTC is ready to retest the $ 49,000 range
BTC / USD Technical Indicators. Source: Commercial View

Of the moving averages, 13 buy signals while one sells neutral and the other sells signals. Of the oscillators, three are in favor of buying the move so far, while six are neutral and two are in the selling position.

Conclusion Bitcoin price analysis

Bitcoin price analysis concludes with the idea that the uptrend is in strong control of the digital currency, while the charts show promising signs for buyers to maintain the uptrend. The RSI score is much lower than the buy range, creates room for more buying, and fluctuations are reduced. If the formation of the current cup and category is completed, the king of cryptocurrencies will once again cross the $ 49,000 mark.

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.