Following the 2-Day Spike to $42K, Is Local Bottom Confirmed? (Bitcoin Price Analysis) - BitcoinEthereumNews.com
BitcoinKasunod ng 2-Day Spike sa $42K, Kinumpirma ba ang Local Bottom? (Pagsusuri sa Presyo ng Bitcoin)04 / 20 / 2022Balita ng Ethereum ng Bitcoin Last week, the 50-day and 100-day moving average lines went through a bullish crossover, but instead of holding the price, Bitcoin sharply dropped to lower levels. The good news is that the price quickly recovered, and even broke above the 100-day moving average, currently facing the crucial 50-day moving average line. Teknikal na Pagsusuri ng Teknikal na Pagsusuri Ni Shayan Ang Pang-araw-araw na Tsart Bitcoin is currently aiming to break through the 50-day moving average, which is the next key resistance. If it does, then another bullish run is anticipated. In that case, the next significant resistance level for Bitcoin is around the $45K key level, while – on the other hand – the first major support below $40K is around the $37K demand zone. Ang 4-Oras na Tsart After Bitcoin was rejected by the $49K level on the lower timeframe charts, the price formed lower highs and lower lows pattern, which is a bearish trajectory. However, the bears failed to push the price below the ascending chanels lower trendline and the $36-37K support levels, while the bulls took control again and drove the