TL; Fault DR
- Bitcoin price analysis shows that the cryptocurrency is ready to test $ 50,000 again.
- Support is currently available for $ 49,200.
- Resistance is currently found at the $ 49,550 mark.
Bitcoin price analysis shows that the king of cryptocurrencies has now gathered enough support to retry for $ 50,000. At the time of writing, the price of Bitcoin has suddenly risen from $ 49,200 to $ 49,500. King of cryptocurrencies trades 0.37% profit in the last 24 hours and more than 1% profit in the last seven days.
The 1-day BTC / USD price chart shows new support levels
1-Day Chandelier Chart Bitcoin analysis shows that volatility is declining compared to last week and the king has found good support. Bollinger’s high limit is found at $ 50,868, which acts as the strongest resistance at the time of writing. While the bottom bar of Bollinger is found at the $ 43,932 mark and acts as the strongest support point at the time of writing this article. The nine-day moving average (SMA 9) and the Bollinger Bands average of $ 48,771 and $ 47,400 are good support points, respectively.
The Relative Strength Index (RSI) is currently moving around the 60s with a score of 62.17, which is much lower than the over-the-counter area, providing buyers with a cushion to push the price above $ 50,000.
Bitcoin Price Analysis: The 4-hour chart confirms the uptrend
The four-hour chart of the Bitcoin Candlestick further confirms the current uptrend and the support for re-testing the $ 50,000 mark in the coming hours. The king of cryptocurrencies is now moving slowly. However, the volatility has increased somewhat over the past few days. The Bollinger Band is priced at $ 49,948, which acts as a strong resistance.
The Bollinger Band is found at $ 46,193, which is the strongest support in the four-hour chart. The moving average is $ 48,902 and the average of the Bollinger Bands is $ 48,071, both of which act as strong support levels at the time of writing. However, the Relative Strength Index (RSI) is slightly higher on the four-hour chart with a score of 63.08, but is still low enough to provide traders with a buying cushion to retry the $ 50,000 price.
Conclusion Bitcoin price analysis
King of cryptocurrencies has a unique position in the market as a pioneer and industry leader in cryptocurrencies. Most of the time, bitcoin price movement is what proves the movement and speed of the market. At the time of writing, Bitcoin is trying to cross the $ 49,550 resistance level. If current support continues, the king will likely try again at $ 50,000. If the current support level fails, that king will reach $ 49,000 or less before he hits another $ 50,000 high. Traders have enough pads to raise prices in the $ 50,000 range. By buying aggressively and at the same time calculator, you can mark in a few hours.
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