The price of Bitcoin (BTC) has been moving positively in the last 48 hours. Yesterday, the uptrend rose to a high of $21,000. Today, the uptrend has stopped as the cryptocurrency falls back to the previous low.
The BTC price reached the overbought zone shortly after breaking through the resistance at $20,000. If Bitcoin turns down from the high at $21,000, it will fall above the support at $20,100. The cryptocurrency will likely continue a new uptrend and retest or break through resistance at $21,000 and $22,794. Conversely, if the bears break below the $20,000 support, Bitcoin will decline and fall into the $18,800 and $19,900 range.
Bitcoin Indikator Liesen
Bitcoin has resumed its upward movement as it is in the uptrend zone at level 64 of the Relative Strength Index for the period 14. The price bars are above the moving average lines, which means that the value of the cryptocurrency will increase. The cryptocurrency is still above the 80% area of the daily stochastic, which indicates a possible decline.
Technesch Indikatiounen:
Grouss Resistenzniveauen - $ 30,000 an $ 35,000
Major Support Levels - $ 20,000 an $ 15,000
Wat ass déi nächst Richtung fir BTC?
Bitcoin is moving below the $21,000 resistance zone. In the October 25 uptrend, a candlestick tested the 78.6% Fibonacci retracement level. The retracement suggests that BTC will rise but reverse at the 1,272 Fibonacci extension level or $20,713.
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Source: https://coinidol.com/bitcoin-rebounds-21012/