Where Ethereum and Bitcoin Headed After Musks Tweet - BitcoinEthereumNews.com
Bitcoin was priced at $38,428 at the time of writing. It lost 0.8% of its market value. It is safe to say that BTC was consolidating as the coin has been struggling to move past the $39k mark. Strong support for the coin stood at the $37k mark, however, sharp resistance awaited the token at $40k. In case BTC breaks on the upside and manages to climb over the $39k mark, the next stop would be around the $42k-$43k region. On the flip side, a breakthrough at the $37k support mark would push BTC to trade in between the $37k-$34k price levels. बिटकॉइन तकनीकी विश्लेषणछवि स्रोत: TradingView बीटीसी / अमरीकी डालर The technical outlook however suggests bearish pressure in the market. The volume of Bitcoin was seen declining as the previous sessions closed in the red. The Relative Strength Index also corresponded with the bears hence sellers re-entered the market. Awesome Oscillator that depicts market momentum. The indicator was seen turning green which meant that market momentum could change directions over the upcoming trading sessions. Bollinger Band indicate volatility and it flashed a squeeze which meant that prices could witness sharp fluctuations in the next trading sessions. Ethereum Price Analysis: Four Hour Chart Ethereum was trading