Bitcoin is holding the key $29,500 support against the US Dollar. BTC must clear the $31,500 resistance zone to start a major increase in the near term.
- Bitcoin weist e puer positiv Schëlder iwwer der $29,500 Support Zone.
- De Präis handelt elo ënner dem $30,500 Niveau an dem 100 Stonn einfache bewegende Moyenne.
- Et gëtt e wesentleche Kontraktéierend Dräieck formt mat Resistenz no bei 31,250 $ op der Stonnekaart vum BTC / USD Pair (Datafeed vu Kraken).
- D'Paar kéint eng staark Erhéijung starten wann et eng kloer Beweegung iwwer d'$31,500 Resistenz gëtt.
Bitcoin Präis bleift an engem Beräich
Bitcoin Präis versicht eng frësch Erhéijung iwwer de $ 31,200 an $ 31,500 Resistenzniveauen. However, the bears were active near the $31,500 zone. A high was formed near $31,550 and the price corrected gains.
There was a move below the $31,000 and $30,500 support levels. A low was formed near $29,848 and the price is now consolidating in a range. There was a recovery above the $30,000 resistance zone. The price spiked above the 23.6% Fib retracement level of the recent decline from the $31,550 high to $29,848 low.
However, the price struggled near the $30,700 level. Bitcoin is now trading below the $30,500 level and the 100 Stonn einfach bewegt Duerchschnëtt.
An immediate resistance on the upside is near the $30,400 level and the 100 hourly simple moving average. The first major resistance is near the $30,850 level. The main resistance is near the $31,250 level. There is also a major contracting triangle forming with resistance near $31,250 on the hourly chart of the BTC/USD pair.
Source: BTCUSD op TradingView.com
A clear move above the $31,250 resistance level could send the price further higher. The next major resistance might be $32,000. Any more gains might call for a trend change and a move towards the $33,200 level.
Downside Break am BTC?
Wann bitcoin net fäerdeg ass d'$31,250 Resistenzzone ze läschen, kann et en anere Réckgang starten. Eng direkt Ënnerstëtzung um Downside ass no bei der $30,000 Niveau.
The next major support is near the $29,850 level. The main support is still near the $29,500 zone. A downside break below the $29,500 support may perhaps spark another decline. In the stated case, the price could dive towards the $28,500 support zone in the near term.
Technesch Indikatiounen:
All Stonn MACD - De MACD verléiert elo Tempo an der bearish Zone.
All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo just ënner dem 50 Niveau.
Major Support Levels - $ 30,000, gefollegt vun $ 29,500.
Major Resistenzniveauen - $ 30,400, $ 30,850 an $ 31,250.
Source: https://www.newsbtc.com/analysis/btc/bitcoin-stuck-range-30k/