Bitcoin extended decline below the $42,000 level against the US Dollar. BTC remains at a risk of more downsides if it stays below the $43,000 pivot zone.
- Bitcoin extended decline and traded below the key $42,000 support zone.
- Цената се тргува под 43,000 долари и просечниот движечки просек од 100 часа.
- Постои клуч кој се зголемува како канал што се формира со поддршка близу 41,650 долари на часовниот график на парот БТК / УСД (извор на податоци од Кракен).
- The pair might continue to move down if there is no recovery wave above $43,000.
Bitcoin Цена продолжува пад
Bitcoin price started a major decline below the $45,000 and $43,500 support levels. BTC even declined below the $42,000 support zone to move further into a bearish zone.
The price settled below the $43,000 level and the 100 hourly simple moving average. The bears attempted a push towards $40,000. A low was formed near $40,555 before there was a recovery wave. The price recovered above the $42,000 level and the 100 hourly simple moving average.
However, the bears remained active near the $42,800 zone. A high is formed near $42,786 and the price is now declining. There was a move below the 23.6% Fib retracement level of the recent wave from the $40,555 swing low to $42,786 high.
It is now trading near the $41,750 support. The 50% Fib retracement level of the recent wave from the $40,555 swing low to $42,786 high is also near $41,650.
Besides, there is a key rising channel forming with support near $41,650 on the hourly chart of the BTC/USD pair. On the upside, the first major resistance is near the $42,250 level and the 100 hourly SMA. The next major resistance is near the $43,000 level.
Извор: BTCUSD на TradingView.com
A clear move above the $43,000 resistance zone could start a decent recovery wave. The next major resistance is near the $44,500 level.
Повеќе лоши страни во БТК?
If bitcoin fails to recover above $43,000, it could continue to move down. An immediate support is near the $41,800 zone. The first major support is near $41,650 and the channel trend line.
A downside break below the trend line support could spark a move below $41,000. In the stated case, the price may possibly decline towards the $40,000 level in the near term.
Технички индикатори:
Часовник MACD - MACD сега се засилува во мечешкиот зона.
Часовен RSI (индекс за релативна сила) - RSI за БТК/УСД сега е близу нивото 50.
Големи нивоа на поддршка - 41,650 американски долари, проследено со 40,000 американски долари.
Големи нивоа на отпорност - 42,750 УСД, 43,000 УСД и 44,500 УСД.
Source: https://www.newsbtc.com/analysis/btc/bitcoin-case-for-more-downsides/