Bitcоin

TA: Bitcoin Revisits $45K, Why Dips Turn Attractive In Short-term

Earn money with the top Binance exchange

Bitcoin price extended its increase above the $44,000 level against the US Dollar. BTC traded close to $45,000 and it might correct lower in the short-term.

  • Bitcoin started a recovery wave above the $43,000 and $43,000 resistance levels.
  • The price is now trading above $44,000 and the 100 hourly simple moving average.
  • There is a key rising channel forming with support near $44,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct lower towards the $43,500 support zone and the 100 hourly SMA.

Bitcoin Price Extends Increase

Bitcoin price started a decent increase above the $43,000 level. BTC remained well bid and it managed to clear the $44,000 resistance level plus the 100 hourly simple moving average.

The price even climbed above the $44,500 level and traded close to the $45,000 level. A high is formed near $44,934 and the price is now correcting lower. There was a break below the $44,500 and $44,400 levels.

An immediate support is near the $44,300 level. There is also a key rising channel forming with support near $44,250 on the hourly chart of the BTC/USD pair. The pair is also well above the 23.6% Fib retracement level of the recent wave from the $39,580 swing low to $44,934 high.

Source: BTCUSD on TradingView.com

On the upside, an immediate resistance is near the $44,800 level. The first major resistance is near the $45,000 level. A clear break above the $44,800 and $45,000 levels could start another increase. The next major resistance is near the $46,200 zone, above which the price could rise towards the $47,000 resistance.

Dips Limited In BTC?

If bitcoin fails to clear the $45,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $44,300 level.

The next major support is near the $44,250 zone and the channel trend line. A downside break below the channel support could lead the price towards the $43,500 support zone or the 100 hourly simple moving average. Any more losses could lead the price towards the 50% Fib retracement level of the recent wave from the $39,580 swing low to $44,934 high at $42,250.

Technical indicators:

Hourly MACD – The MACD is slowly losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still above the 50 level.

Major Support Levels – $44,250, followed by $43,500.

Major Resistance Levels – $44,800, $45,000 and $46,200.

   
Source

Показать больше

Добавить комментарий

Ваш адрес email не будет опубликован.

Кнопка «Наверх»
  • bitcoinBitcoin (BTC) $ 65,080.00 1.81%
  • ethereumEthereum (ETH) $ 4,191.12 8.61%
  • cardanoCardano (ADA) $ 2.23 6.38%
  • tetherTether (USDT) $ 1.00 0.19%
  • dogecoinDogecoin (DOGE) $ 0.253048 3.92%
  • litecoinLitecoin (LTC) $ 208.44 11.82%
  • chainlinkChainlink (LINK) $ 27.58 5.97%
  • bitcoin-cashBitcoin Cash (BCH) $ 643.99 5.25%
  • algorandAlgorand (ALGO) $ 1.79 5.37%
  • matic-networkPolygon (MATIC) $ 1.54 5.73%
  • cosmosCosmos (ATOM) $ 36.00 6.63%
  • stellarStellar (XLM) $ 0.392222 5.56%
  • vechainVeChain (VET) $ 0.124521 6.99%
  • ftx-tokenFTX Token (FTT) $ 61.37 8.09%
  • tronTRON (TRX) $ 0.103673 2.93%
  • ethereum-classicEthereum Classic (ETC) $ 55.94 6.58%
  • daiDai (DAI) $ 1.00 0.01%
  • okbOKB (OKB) $ 25.15 20.88%
  • theta-tokenTheta Network (THETA) $ 6.22 6.14%
  • tezosTezos (XTZ) $ 6.96 4.56%
  • hedera-hashgraphHedera (HBAR) $ 0.396004 4.59%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.191289 3.16%
  • moneroMonero (XMR) $ 262.53 3.11%
  • eosEOS (EOS) $ 4.85 8.2%
  • iotaIOTA (MIOTA) $ 1.29 5.05%
  • neoNEO (NEO) $ 45.22 5.85%
  • leo-tokenLEO Token (LEO) $ 3.15 5.16%
  • wavesWaves (WAVES) $ 29.38 2.62%
  • blockstackStacks (STX) $ 2.30 1.68%
  • makerMaker (MKR) $ 2,623.38 5.65%
  • omisegoOMG Network (OMG) $ 15.11 8.97%
  • dashDash (DASH) $ 202.24 5.67%
  • havvenSynthetix Network Token (SNX) $ 9.95 5.91%
  • zcashZcash (ZEC) $ 149.38 2.65%
  • holotokenHolo (HOT) $ 0.009689 5.11%
  • enjincoinEnjin Coin (ENJ) $ 1.83 15.13%
  • decredDecred (DCR) $ 126.01 3.31%
  • nemNEM (XEM) $ 0.179390 6.89%
  • huobi-tokenHuobi Token (HT) $ 9.01 11.44%
  • iconICON (ICX) $ 2.09 2.71%
  • qtumQtum (QTUM) $ 13.40 9.3%
  • bitcoin-goldBitcoin Gold (BTG) $ 70.66 4.03%
  • zilliqaZilliqa (ZIL) $ 0.096860 5.93%
  • ravencoinRavencoin (RVN) $ 0.113114 6.34%
  • kucoin-sharesKuCoin Token (KCS) $ 14.36 1.37%
  • republic-protocolREN (REN) $ 1.11 13.21%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.718424 6.16%
  • siacoinSiacoin (SC) $ 0.019296 6.08%
  • ontologyOntology (ONT) $ 0.978922 7.15%
  • 0x0x (ZRX) $ 1.01 4.63%
  • gatechain-tokenGateToken (GT) $ 5.14 8.75%
  • digibyteDigiByte (DGB) $ 0.050534 5.54%
  • nanoNano (NANO) $ 5.51 5.38%
  • liskLisk (LSK) $ 3.48 5.5%
  • bitcoin-diamondBitcoin Diamond (BCD) $ 2.35 4.85%
  • statusStatus (SNT) $ 0.092906 6.07%
  • hiveHive (HIVE) $ 0.756006 0.83%
  • numeraireNumeraire (NMR) $ 43.62 2.59%
  • steemSteem (STEEM) $ 0.578336 1.32%
  • ethlendAave [OLD] (LEND) $ 3.23 7.28%
  • augurAugur (REP) $ 23.89 5.78%
  • kyber-networkKyber Network Crystal Legacy (KNCL) $ 1.68 3.48%
  • energiEnergi (NRG) $ 2.26 9.62%
  • bytomBytom (BTM) $ 0.056228 4.53%
%d такие блоггеры, как: