Bitcoin (BTC) price is in a downtrend as the largest cryptocurrency has regained the previous level of $32,937. The previous low is the historical price level of January 24.
Bitcoin (BTC) Präis Laangfristeg Prognose: Bearish
All indications are that Bitcoin will hit the low of $32,937 again before a new uptrend begins. Moreover, the current downtrend has reached the oversold area of the market.
Today, the BTC price has dropped to the low of $33,593 at the time of writing. Bitcoin is falling and approaching the psychological price level of $30,000. On the upside, Bitcoin will pull back and rise above the $30,000 support. On the other hand, if the bears break below the psychological price level, BTC price will fall and regain the low of $32,937,
Bitcoin (BTC) Indikator Display
Bitcoin is at level 30 of the Relative Strength Index for period 14. The largest cryptocurrency is also below the 20% range of the daily stochastic. The price indicators suggest that the market has reached the oversold zone. It is likely that buyers will appear in the oversold region and push the prices up. The 21-day line SMA and the 50-day line SMA are sloping downward, indicating a downward trend.
Technesch Indicatoren:
Schlësselwidderstandsniveauen - $ 65,000 an $ 70,000
Schlëssel Supportniveauen - $ 60,000 an $ 55,000
Wat ass déi nächst Richtung fir BTC / USD?
Bitcoin has continued to fall. The price indicator has indicated a possible decline to a new low. Meanwhile, on April 26, the downtrend; a retreating candlestick tested the 38.2% Fibonacci retracement level. The retracement indicates that BTC will fall to the 2.618 Fibonacci extension level or to the low of $32,735.30.
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Source: https://coinidol.com/bitcoin-support-30000/