Bitcoin price is attempting a recovery wave from the $16,000 support zone. BTC could start a decent increase if it clears the $17,000 and $17,200 resistance levels in the short term.
- Bitcoin is slowly moving higher and consolidating above the $16,500 level.
- De Präis handelt iwwer $ 16,500 an den 100 Stonne einfache bewegende Moyenne.
- Et gëtt eng verbindend bearish Trendlinn mat Resistenz bei $ 16,900 op der Stonneplang vum BTC / USD Paar (Datefeed vu Kraken).
- De Pair kéint eng Erhuelungswell starten wann et d'$17,000 Resistenzzone läscht.
Bitcoin Präis konsolidéiert
Bitcoin price remained stable above the $16,000 support zone. BTC formed a base and slowly moved higher above the $16,350 resistance zone.
There was a move above the 23.6% Fib retracement level of the downward move from the $18,155 swing high to $15,833 low. The bulls were able to contain losses and the price started to move in a range above the $16,400 level.
Bitcoin price is now trading above $16,500 and the 100 hourly simple moving average, similar to ethereum. On the upside, an immediate resistance is near the $16,900 level. There is also a connecting bearish trend line forming with resistance near $16,900 on the hourly chart of the BTC/USD pair.
The trend line is near the 50% Fib retracement level of the downward move from the $18,155 swing high to $15,833 low. The first major resistance is near the $17,000 zone. A clear move above the $17,000 resistance might start a decent increase.
Source: BTCUSD op TradingView.com
Déi nächst grouss Resistenz ass no bei $17,265, iwwer deem de Präis d'$18,000 Zone testen kann. All méi Gewënn kéint de Präis an d'$18,500 Resistenzzone schécken.
Frësch Oflehnung am BTC?
If bitcoin fails to start a recovery wave above the $17,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $16,650 level and the 100 hourly SMA.
Déi nächst grouss Ënnerstëtzung ass no bei der $16,350 Zone. Eng kloer Beweegung ënner der $16,350 Ënnerstëtzung kéint de Präis weider méi niddereg drécken. An dësem Fall kann de Präis vläicht géint d'$ 16,000 Support Zone erofgoen.
Technesch Indikatiounen:
All Stonn MACD - De MACD verléiert elo Tempo an der bullish Zone.
All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo iwwer dem 50 Niveau.
Major Support Levels - $ 16,350, gefollegt vun $ 16,000.
Major Resistenzniveauen - $ 16,900, $ 17,000 an $ 17,500.
Quell: https://www.newsbtc.com/analysis/btc/bitcoin-price-stuck-below-17k/