Bitcoin Bulls And Bears Tussle Als Präisstänn bei 16,500; Wien kënnt Top?

•  BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price. 
•  De Präis vum BTC bleift bearish mam aktuellen Zoustand vum Maart, well d'Saache fir déi meescht Händler an Investisseuren onsécher ausgesinn. 
• De Präis vum BTC spréngt vun engem nidderegen $15,500 am alldeeglechen Zäitframe wéi de Präis sech an engem Beräich ënner dem 50 beweegt Exponential Moving Average (EMA)

The price action displayed by Bitcoin (BTC) in recent times has yet to be encouraging after its erratic price movement, leading to the price of many altcoins, including Bitcoin (BTC), battling for survival. The Domino effect of the FTX saga and other huge investors involved has left the market at a standstill as the market is yet to make a major move after previous weeks saw the price of Bitcoin (BTC) perform well, rallying from a low of $19,200 to a high of $21,600. Most altcoins trend higher as many produced gains of over 200%, including DOGE rallying from a region of $0.55 to a high of $0.15. Still, these expectations were cut short by the uncertainty surrounding the crypto market, leading to much fear about where the market could be headed. (Data from Binance)

Bitcoin (BTC) Präis Analyse Op der Wochen Chart

Déi lescht Deeg ware mat sou vill Turbulenzen am Kryptoraum gefüllt wéi vill Altcoins gekämpft hunn fir Stäerkt ze weisen nodeems se hir Schlësselunterstëtzung verluer hunn, fir de Präisreduktioun ofzehalen.

Déi aktuell Onsécherheet ronderëm de Maart huet zu der Ofwuelung vun den Händler an Investisseuren gefouert fir Altcoin Akeef ze maachen, well et keng Versécherung ass ob se geschwënn opgoen.

FTX news had a huge impact on the price of BTC, sending the price into a spiral movement to a region of $15,500 as the price bounced off this region with what looked like a temporary demand zone to hold off big sell-off.

The price of BTC bounced off this region showing some great strength to a region of $17,300 as the price aims to break higher was rejected into a range of $16,500. The price of BTC needs to break above $18,500 for more signs of relief.

Wöchentlech Resistenz fir de Präis vun BTC - $ 18,500.

Wöchentlech Ënnerstëtzung fir de Präis vun BTC - $ 15,500.

Präis Analyse vun BTC Op The Daily (1D) Chart

The price of BTC remains considerably strong in the daily timeframe as the price trades above $16,000 support after bouncing off from the region of $15,500, leading to the price forming an ascending triangle for price.

Wann de Präis vun BTC iwwer 18,500 $ brécht, kënne mir méi Rallyen fir BTC Präis gesinn; eng Paus ënner enger Regioun vun $ 16,500 wier e Bärenfall, well de Präis méi niddereg ka ginn.  

Deeglech Resistenz fir de BTC Präis - $ 18,500.

Deeglech Ënnerstëtzung fir de BTC Präis - $ 16,500- $ 15,500.

Featured Image Vun zipmex, Charts Vun Tradingview