BTC Gets Rejected, Possible Bearish Scenario on LTF Charts - BitcoinEthereumNews.com
Bitcoinबीटीसी अस्वीकृत हो जाता है, एलटीएफ चार्ट पर संभावित मंदी परिदृश्य03 / 29 / 2022बिटकॉइन एथेरियम समाचार After almost three months of consolidation, Bitcoins price finally broke out of the $33 – $46K range. The Daily Timeframe Technical Analysis By: एड्रिस The price has broken above the $46K resistance zone following a parabolic move and is currently testing the 200-day moving average line (MA) amid $48K. This moving average is a significant trend indicator and if the price breaks above it, the trend would be considered bullish again. The next key resistance lies at the $52K area, which is a key level and might be the last obstacle before a new Bitcoin all-time high. However, if BTC gets rejected at the 200-day moving average line, the $46K area should be considered as a support and turning point if a pullback takes place. Another interesting observation is that the 50-day MA is about to cross above the 100-day MA line, which is considered a bullish signal. The 4-Hour Timeframe On the 4-hour time frame, things get a bit more complicated. The price is struggling at an ascending trend-line compiling a large bearish flag, and this is the third attempt to break above it. Only in case of a bullish breakout, this