Bitcoin (BTC) Price Rebounds Despite Heavy Bears Domination - BitcoinEthereumNews.com
संपादकों समाचार पिछले 1.61 घंटों में बिटकॉइन 24% बढ़ा है। At $36,271, one level of support might halt the negative trend. There was a highly bearish setup on the Bitcoin price, which had already been violated. BTC seemed to be following a bear flag pattern, a bearish continuation pattern. The price action that produced the flag pole was the 52 percent drop from its all-time high of $69,000 to $32,837. बीटीसी/यूएसडीटी: स्रोत: TradingView After this downswing, BTC experienced a standstill period in which it produced a sequence of higher highs and lower lows. Using trend lines to conect these swing points creates an ascending parallel chanel called a flag. Bearish Flag Setup If the flags lower trend line at $40,000 is violated, this technical setup indicates a 46 percent fall. Therefore, the pessimistic objective for Bitcoin is set at $21,584, equal to the height of the flagpole plus the breakout point. It was rejected during a later rebound rally after Bitcoin‘s price suffered a bearish breakthrough on April 23. As a result of this occurrence, the bear flag’s pessimistic perspective has already taken hold. At $36,271, one level of support might halt the negative trend. The setup might be invalidated and early selling trapped if the बीटीसी price