BTC/USD Still In Danger! Bitcoin Price Is Heading Towards This Level - Coinpedia - Fintech & Cryptocurreny News Media - BitcoinEthereumNews.com
BitcoinNasa Panganib Pa rin ang BTC/USD! Ang Presyo ng Bitcoin ay Patungo sa Antas na Ito – Coinpedia – Fintech at Cryptocurreny News Media05 / 14 / 2022Balita ng Ethereum ng Bitcoin It appears that the Bitcoin bears are actively regaining power, as BTC/USD is set to suffer new losses. At $28,564, the first digital asset may correct below the previous support. BTC/USD is trading at $29,650 at the time of writing, having moved lower from an intraday high of $29,880. Furthermore, if the 9-day moving average remains below the 21-day moving average, Bitcoin may be exposed to losses. Looking at the Bitcoin price, one might conclude that the market price will most likely continue to fall. The technical indicator Relative Strength Index (14) for example, which is anticipated to continue in the oversold range, may corroborate the negative action. However, BTC/USD is still in danger of falling below the chanels lower border. Furthermore, bulls are betting on the $29,000 support level to keep the Bitcoin price above $30,000 even if it is rejected. Any more negative action below this level might bring the coin towards important supports of $24,000, $22,000, and $20,000, respectively. Meanwhile, if the coin moves over the 9-day and 21-day moving averages, it may