Bitcoin (BTC) price is in a downward correction after rising above the 21-day line SMA, but below the 50-day line SMA. In the last three days, the largest cryptocurrency has been trading between the moving average lines.
The first hurdle for buyers is to overcome the $22,000 resistance zone. In the July 16 uptrend, buyers pushed the bitcoin price to the high of $21,606, but it fell back above the 21-day line SMA. Today, the BTC price resumed a new uptrend to reach the overriding resistance of $22,000 again. If buyers overcome the $22,000 resistance, Bitcoin will rise to the next resistance at $23,010.
The bears will provide tough resistance at the $23,010 high. A break of the $23,010 high will send Bitcoin above the 50-day line SMA or the $24,000 high. The BTC price will resume its upward momentum if the buyers succeed above the 50-day line SMA. The initial strength of the bulls will be a rally to the psychological price level of $30,000. Conversely, the bullish scenario will be invalidated if buyers fail to break above the $22,000 resistance zone. Instead, bitcoin will fall below the 21-day line SMA and revisit the $20,000 support.
Bitcoin rodiklio skaitymas
Bitcoin is at level 50 of the Relative Strength Index for period 14, indicating that there is a balance between supply and demand. The price bars of the cryptocurrency are above the 21-day line SMA, but below the 50-day line SMA. This indicates that the cryptocurrency will move in a fluctuation range. Bitcoin is above the 40% range of the daily stochastic. The market is in a bullish momentum, even if the momentum is unstable.
Techniniai rodikliai:
Pagrindiniai pasipriešinimo lygiai - 30,000 35,000 USD ir XNUMX XNUMX USD
Pagrindiniai palaikymo lygiai - 20,000 15,000 USD ir XNUMX XNUMX USD
Kokia yra kita BTC kryptis?
Bitcoin has rallied as it has risen above the 21-day line SMA and resumed its upward movement. The cryptocurrency will fluctuate between the moving average lines. The BTC price will move when the moving average lines are broken.
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Šaltinis: https://coinidol.com/bitcoin-20750-support/