Bitcoin Corrects Towards $22K But How Low Can it Go? (Bitcoin Price Analysis) - BitcoinEthereumNews.com
Bitcoinबिटकॉइन $ 22K की ओर सही है लेकिन यह कितना कम हो सकता है? (बिटकॉइन मूल्य विश्लेषण)07 / 23 / 2022बिटकॉइन एथेरियम समाचार The $19K demand zone has served as a significant support level for Bitcoins price over the past few weeks resulting in a short-term rally towards the 50-day moving average at around $22K. तकनीकी विश्लेषण By शायन दैनिक चार्ट During the recent rally, the price failed to break out of the 50-day moving average, which is the most critical resistance level in Bitcoins path toward the $30K price chanel. On the other hand, as the following chart shows, the price broke the long-term descending chanel‘s middle boundary, successfully formed a pullback to the broken trendline, and initiated a rally. If Bitcoin breaks above its 50-day moving average(approximately $22.5K), a surge toward the 100-day moving average(currently at $28K) and the chanel’s upper boundary will be possible. Furthermore, the RSI indicator roughly hints at the relative equilibrium between the bulls and bears as its around 50. स्रोत: TradingView4 घंटे का चार्ट After experiencing a prolonged bearish trend, the price has entered a mid-term consolidation stage forming a well-known continuation pattern called a ‘wedge.’ However, the lower trendline and the $19K major support level have recently supported the price,